NEW YORK Tenaris SA
expects pipe and tube demand from the Mexican market to rise in
the medium term, as the countrynow an importer of natural
gasbegins to exploit its shale reserves.
"In the medium term, Mexico will
significantly step up its operations," chairman and chief
executive officer Paolo Rocca said during the companys
first-quarter earnings conference call.
The country is currently
reviewing its energy policy under a new administration, which
could give independent drillers more access to resources. "We
are positive on the trend in which Mexico is moving and on how
the country is reacting at this time under the new government,"
China also might see significant
growth in shale drilling activity. "It could be very, very
important in the future, depending on how fast Chinese
companies, (Royal Dutch) Shell (Plc) and Western companies
decide to move their program(s)," Rocca said.
Luxembourg-based Tenaris, which
supplies The Hague, Netherlands-based Shells shale
exploration in the Asian country, recently began producing its
"most sophisticated products" at its facility in Qingdao, Rocca