Mexico allocates $11B to tackle gas shortages, economy
Sep 05, 2013 | 08:53 AM
| Rodrigo Alonso
MEXICO CITY Mexicos government is investing more than 150 billion pesos ($11.3 billion) in natural gas to combat supply shortages and strengthen its economy.
Critical alerts issued to the manufacturing sector by state-owned oil and gas company Petróleos Mexicanos SA de CV (Pemex) on natural gas consumption might have led to losses of around 1 percent of the countrys gross domestic product (GDP) thus far this year, according to an estimate released this week by Enrique Peña Nietos administration.....
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