|
|
Enron Mail |
Mime-Version: 1.0
Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: quoted-printable X-From: Chip Schneider X-To: Ozzie Pagan, Drew Tingleaf, Doug Gilbert-Smith, Matthew Duffy X-cc: X-bcc: X-Folder: \Doug_Gilbert_Smith_Nov2001\Notes Folders\All documents X-Origin: GILBERTSMITH-D X-FileName: dsmith.nsf Regards, Chip Schneider EB2852 x3-1789 ----- Forwarded by Chip Schneider/NA/Enron on 01/25/2001 08:46 AM ----- =09webmaster@cera.com =0901/24/2001 10:28 PM =09=09=20 =09=09 To: messages@cera.com =09=09 cc:=20 =09=09 Subject: The Pemex Natural Gas Price Hedge: Market Savior Or Monopol= istic=20 Strategy? - CERA Insight Mexico Energy Service Insight=01*Pemex Natural Gas Price Hedging Plan Pemex has offered Mexican industrials a new hedging plan to mitigate the=20 impact=20 of high natural gas prices. The hedge consists of a three-year take-or-pay= =20 contract with Pemex that will fix the price of natural gas at $4.00 per=20 MMBtu.=20 The hedge will provide industry short-term price relief and will increase= =20 awareness of hedging instruments in Mexico. However, implementing this price-hedging scheme will have many significant= =20 ramifications for the Mexican natural gas market. It will * raise questions about future government intervention when prices fall * affect future market development * possibly reduce incentives to increase production in Mexico **end** ********************************************************* Come Shoot the Rapids with us at CERAWeek2001, "Shooting the Rapids:=20 Strategies and Risks for the Energy Future" in Houston, February 12-16,=20 2001! =20 For more information and to register, please visit=20 http://www20.cera.com/ceraweek/ ********************************************************* E-mail Category: Insight =20 CERA Knowledge Area(s): Mexico Energy,=20 ********************************************************************** To make changes to your cera.com account go to: http://www20.cera.com/client/updateaccount Forgot your username and password? Go to: http://www20.cera.com/client/forgot This electronic message and attachments, if any, contain information=20 from Cambridge Energy Research Associates, Inc. (CERA) which is=20 confidential and may be privileged. Unauthorized disclosure, copying,=20 distribution or use of the contents of this message or any attachments,=20 in whole or in part, is strictly prohibited. Terms of Use: http://www20.cera.com/tos Questions/Comments: webmaster@cera.com Copyright 2000. Cambridge Energy Research Associates
|