International Energy Forum: Mexico eyes strong energy ties with India

Shale auction, gasoline deficit throw up opportunities for Indian companies

Mexico is looking to enhance its energy ties with India through greater participation of Indian companies, especially in meeting its gasoline deficit.

The Latin American country will conduct its first shale auction in September, but before that it will carry out another round of auction of onshore conventional blocks in July, in which Indian companies are likely to take part. Mexico is among the top five crude oil suppliers to India.

In an interview with Business Standard, Aldo Flores-Quiroga, deputy minister for hydrocarbons, Mexico, said, “Indian companies can participate in the full value chain. We have investment requirement in upstream, mid-stream and