Carlos Slim’s Company to Spend $1.2 Billion on Natural Gas Field

A company controlled by Mexico’s richest man, Carlos Slim, will invest $1.2 billion in the development of a natural gas field in the Gulf of Mexico. The field should begin producing in 2026, Bloomberg reported. Grupo Carso, the Slim-controlled company, would partner with state oil major Pemex on the Lakach gas project, with Pemex keeping ownership of the field and its reserves, while Grupo Carso builds the infrastructure necessary to process the gas extracted from the field. The partnership reflects the current government’s ambition…