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Mexico and the US

Mexico and the United States agreed today to reach the "next level" in the bilateral energy relationship and strengthen security, interconnection and integration in this area, so that this Help the economic development of the two countries.

Mexico, July 13 (EFE) .- Mexico and the United States today agreed to reach the "next level" in the bilateral energy relationship and strengthen security, interconnection and integration in this Area, in order for this to help the economic development of the two countries.

Both nations held a "frank" dialogue in which they touched on cooperation issues "that are key to Strengthen energy security, "Mexican Energy Secretary Pedro Joaquín Coldwell said in a media message made with his counterpart, Rick Perry, as part of the visit. This to the Latin American country.

Coldwell said they came up with a strategy with three points to follow. Energy and investment promotion.

Mexico is the second largest energy trading partner in the US, and an "important infrastructure" has been developed between the two countries. Has the potential to "broaden, strengthen the interconnection of energy markets, increase trade flow and promote stability and continuity in the energy supply," During 2016 there was an exchange of electrical energy between Mexico and the United States of 3,781 gigawatts / hour through the eleven electric transmission lines that cross the Border.

However, "this trade is still very incipient, particularly when compared to that in hydrocarbons," Coldwell argued.

Said that they have identified "important opportunities" for companies in both countries, which are driven by the exchange of information between the public sector and

The second point of the bilateral strategy is to improve the reliability of electricity supply, with the help that can be provided to each other in the event that there is (Such as natural disasters) or cyberattacks.

The secretaries also agreed to "continue making progress in order to sign an agreement for the Cooperation in the peaceful uses of nuclear energy ".

As a last point, concluded Coldwell, both countries agreed to increase cooperation to stimulate Innovation and technological development, both in clean and conventional energies.

The US Secretary of Energy said that the strategy with Mexico is framed Within its country's efforts to "promote deep and deep economic security for North America", to achieve economic growth that benefits both countries And Canada.

The road is to seek "the development of North America's unexploited energy resources," and to make the region "self-sufficient." Lowering energy costs for consumers, "he added.

Perry argued that his country intended to continue investment and" build an energy industry Competitive ":" Prosperity in Mexico is linked to our prosperity, "he said.

Coldwell noted that cross-border energy trade reached 39 billion Dollars last year.

Mexico is the fourth-largest exporter of crude oil to the US, with 58% of gas exports and 40% of oil exports Of the United States are destined for the southern neighbor.

Also, in the first five oil tenders and the two electric auctions arising from the energy reform came out Winning US companies whose investments will amount to 7.5 billion dollars, remarked the Mexican secretary.

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