The Carlos Slim conglomerate, Grupo Carso, is seeking to exit the Lakach deep-water gas field project, which it is developing alongside state oil company Pemex. As confirmed by the company's CFO, Arturo Spinola, during a conference with analysts on the Q3 2025 financial results, the group is analyzing the project's cost-benefit. Spinola explained that the current price of gas is not sufficiently high to justify the investment required to develop the field. Last week, the company received a 'not so significant' payment from Pemex, which Spinola noted, while not a substantial amount, reflects the oil company's interest in settling its liabilities. In its earnings statement, Carso stated that it 'maintains a significant amount of accounts receivable from Pemex, who has suspended payments to suppliers since 2024.' Despite this debt, the Slim group has not ceased business with the oil company. In September, they signed a $1.991 billion financing and drilling contract for the onshore Ixachi field in Veracruz. Mid-last year, the tycoon partnered with Pemex to reactivate the Lakach megagas field, located about 90 kilometers from the port of Veracruz, after New Fortress's departure.
Carso Group Seeks to Exit Lakach Project Due to Financial Risks
Grupo Carso is reviewing the viability of the Lakach gas project with Pemex due to financial challenges, as the current gas price does not justify the required investment. The company still has a significant amount of outstanding receivables from Pemex.