FEATURE: Developing deepwater gas deposit Lakach for Mexican market a bad decision, observers say

Mexico is trying to reactivate a costly deepwater natural gas project it abandoned in hopes of cutting the country’s dependence on imported gas and to recoup some of its original investment. But critics question the decision, warning the project’s high complexity could end up being another source of financial losses for the country’s already indebted oil and gas company. Pemex… Mexico is trying to reactivate a costly deepwater natural gas project it abandoned in hopes of cutting the country’s dependence on imported gas and to recoup some of its original investment. But critics question the decision, warning the project’s high complexity could end up being another source of financial losses for the country’s already indebted oil and gas company. Pemex… Read More