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CANACINTRA reports a loss of 18 billion dollars due to a cut in natural gas

-Editorial

MEXICALI, B.C.- CANACINTRA Mexicali reported an estimated loss of 18 billion dollars derived from the cut-off of natural gas supply from the United States to the northern region of Mexico, said Alberto Sánchez Torres, President of the National Chamber of the Transformation Industry (CANACINTRA) in Mexicali.

The intense snowfall in the State of Texas, USA, which affected the operations of companies in Coahuila, Chihuahua, Nuevo León, and Tamaulipas, is also an alert for Baja California, Sánchez said, since our electricity system depends to a large extent on imports of energy sources from California, therefore it is essential to establish a cordial relationship.

Regarding the International Agreements that support the supply of energy to Mexico, they have padlocks that work in emergencies, therefore, high temperatures forced suppliers to privilege the supply of natural gas and electricity to their country, Sánchez mentioned.

“From a political point of view, it is essential that the Federal Government authorities understand that the United States is the main commercial partner and ally of Mexico, and if we add to that that we depend for our economic sustainability on natural gas interconnections, it is quite logical and imperative to establish a cordial and respectful relationship, instead of putting investments, employment and stability at risk,” said Sánchez Torres.

In Baja California, the president of CANACINTRA Mexicali explained, it is an advantage to be an ‘energy island’ since there were no impacts from the snowfall, however, it is essential to work on the generation of new renewable energy sources, as well as on the creation of viable infrastructure projects.

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