Strategic analysis of the global status of carbon capture and storage. Report 3: country studies Mexico
31st March 2009
Topic(s): Carbon capture, use and storage (CCUS)
The National Strategy issued in 2007 considers CCS projects as priority field of research, due to their utility for CO2 capture potential, as well as the opportunity they present the state owned oil producing company, PEMEX. CCS projects may be feasible for the oil field of Cantarell and other declining oilfields to increase oil recovery.
Nonetheless, the National Strategy concludes that these projects are very costly. This may, however, be compensated by financing from CDM projects. The National Strategy also considers that further research is required regarding long-term environmental effects.
While there are is no CCS specific legislation or regulation, existing laws may be applicable to particular CCS activities. These laws may also provide guidance on the future approach taken by the Government in implementing a regulatory framework for CCS activities.
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