ICIS is implementing a process of rolling consultation on all of its methodologies. This consultation paper is part of this formal process and covers all of the ICIS price points included in the Mexico Energy Report (MER) report.
The consultation asked both general questions about the suitability of the ICIS methodology and questions addressing specific MER issues.
Click here to download the Mexico Energy Report Consultation – November 2016
ICIS Decision
There were no formal responses to consultation GMC 20/16. ICIS will not be proposing any immediate changes to the methodology of the Mexico Energy Report (MER). Any decision to change this methodology will be communicated to subscribers using the usual channels and with the usual notice period.
Equally, ICIS will move ahead with its plans to publish two Venta de Primer Mano (VPM) prices. The VPM is the maximum price that Mexico’s state-owned oil and gas company Pemex can charge consumers on Mexico’s natural gas network. From 15 March, ICIS will publish a a VPM price that represents the price of gas sourced from domestic production, and a Reynosa VPM price that represents the price of gas imported from the US.
ICIS continues to welcome any feedback on its Mexico Energy Report methodology outside of the formal consultation process.
To provide further comments or feedback please contact Barbara Ortner, Head of Market Reporting: Barbara.Ortner@icis.com
