Mexico’s National Hydrocarbons Commission (NHC), the country’s oil industry regulator, has suggested new incentives for private companies should be offered in order to exploit huge shale gas reserves, Reuters reported on Wednesday. State oil company Pemex has spent little of its budget on developing unconventional gas, the Commission said. The US EIA estimates that Mexico holds 681 tcf of technically recoverable shale gas resources, the fourth largest in the world.
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