Reuters: AHMSA Eyes Shale Gas Opening in Mexico
06/19/2013 - Mexico's top steelmaker is hoping to tap the country's ample shale gas reserves if an energy sector overhaul expected this year provides an opening, a senior executive with the company, Altos Hornos de Mexico (AHMSA), said on Tuesday, according to a Reuters report.
"I hope...we are going to start drilling in the next year," Alonso Ancira, AHMSA's executive chairman, said at the Steel Success Strategies conference in New York.
"I hope I'm the next Marathon Oil," he added, referring to the former oil and gas producing unit of U.S. Steel.
While Mexico's constitution mandates that only the state can own and extract oil and gas resources, President Enrique Pena Nieto has promised a reform to attract new investments from private oil companies aimed at boosting lagging production...
