Monterrey Rejects Houston Gas Pricing, Reports MEI -Mexico Energy Intelligence-.Business Editors/Energy Editors HOUSTON--(BUSINESS WIRE)--July 31, 2003 According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. George Baker George Baker may refer to:
At the demand of Monterrey industry, this netback net·back n. Linkage of the price of crude oil to the market price of products refined from it. pricing system Noun 1. pricing system - a system for setting prices on goods or services system - a procedure or process for obtaining an objective; "they had to devise a system that did not depend on cooperation" was suspended sus·pend v. sus·pend·ed, sus·pend·ing, sus·pends v.tr. 1. To bar for a period from a privilege, office, or position, usually as a punishment: suspend a student from school. in January 2001 during the price bubble A bit in bubble memory or a symbol in a bubble chart. . The Government granted price relief through a 3-year contract for $4/mmBtu. This so-called "Mexico price" ends Dec. 31, 2003. On July 1, 2003, Mexico's National Manufacturing Association (Concamin) sent a sharply worded, confidential letter to President Fox that criticized the pricing and regulatory decisions of the authorities of the previous administration that ended in 2000. This is according to a copy of the letter obtained by MEI. Also according to the letter, the Association's main conclusion is that Mexico cannot compete against competitors with significantly lower gas prices. The Association proposes that Mexico adopt a basket of gas prices that reflects the energy input costs of Mexico's competitors, especially those in the 32 countries in which Mexico has signed free trade agreements. Any use of U.S. price indexes for natural gas puts Mexico at a disadvantage, the letter argues. "The future of Houston-indexed gas prices is uncertain," comments George Baker, director of Mexico Energy Intelligence, a trade publication that covers energy markets and policy developments in Mexico. "Offshore manufacturing is motivated mo·ti·vate tr.v. mo·ti·vat·ed, mo·ti·vat·ing, mo·ti·vates To provide with an incentive; move to action; impel. mo not only by lower labor costs but also by lower input costs of power, gas, water and fuel. U.S. companies went to Mexico for assembly operations, but continue to pay U.S. gas prices. Chinese products are everywhere in Mexico, and gas prices in China are reportedly a quarter of those in Mexico," he observes. "These demands of Mexican industry will force the Fox Administration to act -- in one way or another," he adds. A new report, MEI 647, published by Baker examines and critiques the arguments of the letter to Fox, the text of which has not been made public. The report also provides an overview of natural gas pricing in Mexico since the early 1990s. Mexico Energy Intelligence is published by Baker & Associates, Energy Consultants, based in Houston. The firm's website is www.energia.com. MEI's research director is Lic. Gloria Mancha, an economist and graduate of Monterrey's UANL UANL Universidad Autónoma de Nuevo León , a state university. |
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