Carlos Slim's Grupo Carso Invests $1.2B in Gulf Gas Field

Carlos Slim's company, Grupo Carso SAB, is investing $1.2 billion in collaboration with Mexico's state oil company, Pemex, to develop the Lakach gas field in the Gulf of Mexico, with production expected by 2026. This partnership highlights a unique model for public-private cooperation in the energy sector. Despite challenges in Mexico's energy industry, Slim has successfully navigated partnerships with Pemex, unlike other companies. The deal reflects President Lopez Obrador's emphasis on state control over natural resources, while President-elect Claudia Sheinbaum signals openness to further public-private partnerships. Grupo Carso will work with Talos Energy Inc. and a unit of Spain's Grupo FCC to develop the field, showcasing Slim's continued investments in the energy sector.