Mexico, Nov. 8 (Notimex).- Mexico and the United States emphasized that private sector support is crucial for issues related to investment and the development of the binational energy industry.
In the framework of the Fifth Meeting of the US-Mexico Energy Business Council, the Deputy Minister of Foreign Trade of the Ministry of Economy (SE, for its acronym in Spanish), Juan Carlos Baker, highlighted the importance of this mechanism.
He stressed that it works as an instrument for collaboration between institutions of both countries in activities related to energy, and intensifies coordination with the business community of the sector.
He indicated that comments and recommendations issued by the Council are very useful to support the development and consolidation of the energy sector, not only in Mexico and the United States, but throughout the North American region.
Therefore, he invited the industry to maintain the continuity of this mechanism and thus to position North America at the forefront of the world in this area, providing more opportunities and economic growth in specific sectors, such as clean and renewable energies.
In turn, the general director of Relations with Investors and Promotion of the Ministry of Energy (Sener, for its acronym in Spanish), Nicole David Palau, said that the energy relationship between both countries is very solid and interdependent, where the energy infrastructure has grown in recent years for the benefit of both nations.
She also pointed out that natural gas interconnection points in the northern border increased from 16 to 23, and in electricity there are 11 points of interconnection that allow countries to react in the case of a shortage.
Meanwhile, the Acting Under Secretary of International Trade, Department of Commerce (DoC), Sarah Kemp, mentioned that with the changing scenario in North America, spaces for dialogue such as these are essential to help governments understand the needs of the private sector and how they can work together to strengthen energy cooperation.
She acknowledged that increasing cross-border energy trade will improve North America's energy independence, reduce dependence on imports from other continents and generate better conditions for consumers.
The Deputy Under Secretary for Asia and the Americas of the Department of Energy (DoE), Elizabeth Urbanas, recognized the importance of the Council moving forward and strengthening with the incoming government, and emphasized the influence that this council has had on decisions that have been taken.
She asserted that all the recommendations that have been issued during the two years of the Council´s existence have been considered in the negotiation for the modernization of the North American Free Trade Agreement (NAFTA), and stressed that the energy sector is fundamental in the bilateral relationship .
In the next two years, the Mexican Section will be chaired by Roger González Lau, Cemex's Global Vice President of Energy, who also heads the Energy Commission of the Business Coordinating Council (CCE, for its acronym in Spanish); while the US section is chaired by Michael Brown, president of Burns & McDonnell International.