Thoughts on the Preliminary Draft Agreement of the DACG on CrossParticipation

We make reference to:
1) The Preliminary Draft “Agreement by which the Energy Regulatory Commission (“CRE” or “Commission”) issues the General Administrative Provisions, establishing the procedure and requirements for the authorization of cross-participation (participación cruzada), the methodology for the analysis of its effects on competition, the efficiency in markets and the effective open access, and interpretation, for administrative purposes, of the crossparticipation provided in the second and third paragraphs of Article 83 of the Hydrocarbons Law (“LH”)”, sent by the CRE to the National Commission for Regulatory Improvement (“CONAMER”) on August 9, 2022, (the “Preliminary Draft”); and