Saturday, February 22, 2020
Market Analysis of the Natural Gas industry in Mexico Case Study
Market Analysis of the Natural Gas industry in Mexico - Case Study Example research is to provide a brief overview of the current stage of the natural gas industry in Mexico and to analyze the potential effects of the recent economic reforms for the private industry. According to the EIA estimates, Mexico is one of the four leaders in shale gas reserves. By 2013 Mexicoââ¬â¢s natural gas reserves have reached 488bn cubic metres (Mexico Oil & Gas Report, 2014). Even though the natural gas production in Mexico has grown almost by 50% since 2000, demand for this natural resource also has grown significantly (by 80% since 2000) (Seelke et al., 2014). Natural gas in Mexico is mainly consumed for the national electricity generation and for oil operations support. The figure 1 visually illustrates that the increase of production scales still fail to satisfy current demand for natural gas. According to the Congressional Research Service, Mexicoââ¬â¢s gas reserves are on the decline and fail to satisfy local demand because of underinvestment in exploration of the natural gas resources. Due to continuously rising demand of natural gas, Mexico relies heavily on the import of natural gas from the US. Thus, for example, in 2000, Mexico imported about 100% of its natural gas imports. However, by 2006, the country has diversified the range of countries-importers of the natural gas, and began to import liquefied natural gas from Peru, Qatar, and Nigeria (Seelke et al., 2014, 2014). There are three liquefied natural gas import terminals in Mexico: one on the Atlantic side and two terminals on the Pacific side (Seelke et al., 2014, 2014). The experts believe that the natural gas reserves have potential for growth and forecast that it will reach 500 bn cubic metres by 2018 and 505 bn cubic metres by 2023 (Mexico Oil & Gas Report, 2014). Partially this positive forecasts are referred to the Pemexââ¬â¢s activities in relation to deepwater natural gas exploration, and, partially, as a result of expected increase of private sector participation in result of new
Thursday, February 6, 2020
Carbon Footprint Essay Example | Topics and Well Written Essays - 500 words
Carbon Footprint - Essay Example rpool to work, take public transportation, turn off lights, reduce waste, plant trees, use rechargeable batteries, ride bike, reduce waste, print double sided, eat low carbon diet, go organic and buy electric vehicle. By using a more efficient vehicle my emissions will reduce, plants will help in releasing oxygen and giving out carbon dioxide, bike does not have any emission unlike using a vehicle (Ham, et al. 2000). Emissions are also reduced by carpooling even though by driving we increase emission but the number of sources will have reduced. Electric vehicles are more efficient and greener. I will also ensure my engine efficiency by managing my driving speed as the faster you drive the less your engine becomes and by doing this I will level off emissions on freeways. By using public transportation, I will eliminate the emissions from my vehicle. By going organic, I will reduce the chemical toxins in the environment (Ramseur, et al 2008). A day that I chose to reduce my emissions by 50%, the specific changes that I made were, switched from T12 lights to T8 lights, eat a low carbon diet, take public transport to work, ride my bike, reduce my waste, turn off lights. By switching to T8 lights from T12 lights I was able to reduce the power consumption in my house (Pal, et al. 2014). My diet for that day was also of low carbon diet and this helped to reduce my food emission. By taking a public transport I did not have any emission from my vehicle for that day. After work I used my bike to go shopping and this was helpful because it does not have any emission, I tried very hard to recycle what I could so as to reduce my waste of the day. By turning off the lights that I did not require, I greatly reduced my power consumption of the day. I succeeded in all I had planned. I succeeded because I was determined to achieve that even though it was not easy. It only requires dedication and discipline and I had both. It was I little bit hard for me. Like I am used to driving
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