Energy opportunities for India in Latin America: Understanding mexico's energy reforms

In recent years, Mexico, a major fossil fuel producer, has begun a reform of its legislation to allow domestic and foreign investments in the hitherto state owned crude oil and gas extraction and delivery sectors. In view of decreasing energy exports to the US, Mexico has also started seeking out other large purchasers such as India, a country interested in diversifying its sources of oil and gas. Latin America is becoming an increasingly important partner and energy supplier for India whose oil and gas needs will double in the next two decades.