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LatinNews Daily - 11 September 2018

In brief: Mexico

* Mexico’s principal liquified petroleum gas (LPG) distribution firms have said that an increase in gas theft is costing the state-owned oil firm Pemex and private distributors a combined M$1.1bn (US$57m) a month. LPG theft has increased alarmingly in the country in recent months with a knock-on effect on the industry, according to representatives from distributing companies Amexgas, Asociación de Distribuidores de Gas LP (ADG), Asocinar, and Cámara Regional del Gas. An estimated 58,000 tonnes of LPG are now stolen every month, which could lead to the loss of as many as 14,000 direct jobs and 50,000 indirect jobs across the country. One of the worst-affected regions is the so-called ‘Red Triangle’, which comprises the states of Puebla, Tlaxcala, and Veracruz, where LPG theft has apparently increased by 56.3% since the end of May, with losses to the sector increasing from M$40m to M$62m (US$3.2m).

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