Last November 6, 2018, the National Agency of Industrial Security and Environmental Protection for the Hydrocarbon Sector (ASEA for its acronym in Spanish) published in the Federal Official Gazette the "General administrative dispositions establishing the Guidelines for the prevention and comprehensive management of methane emissions within the Hydrocarbon Sector", (herein after "the Guidelines"), same that entered into force on November 7, 2018.
The Guideline's purpose is to set forth the actions and mechanisms that Regulated Parties shall adopt to prevent and control the methane emissions generated in their facilities.
The Guidelines are mandatory for Regulated Parties with both New Facilities and Existing Facilities in which the following activities take place:
Exploration and extraction of hydrocarbons with the corresponding plan or program, either provisional, of exploration, of evaluation or of development, approved by the National Hydrocarbon Commission. Treatment, refining and storage of petroleum with the corresponding permit from the Ministry of Energy or the Energy Regulatory Commission, as applicable. Processing, compression, liquefaction, decompressing, regasification, pipeline transport, storage and distribution of natural gas, with the corresponding permit from the Ministry of Energy or the Energy Regulatory Commission, as applicable. According to the Guidelines, Regulated Parties have, among others, the following obligations:
Identify the sources and potential sources of methane emissions within their facilities and prepare a methane diagnosis to be reported before ASEA. Prepare a Program for the Prevention and Comprehensive Management of Methane Emissions within the Hydrocarbon Sector (PPCIEM for its acronym in Spanish) in which, among others, the information concerning actions for the prevention and comprehensive control of emissions as foreseen in Title Third of the Guidelines shall be included. Hire the services of an Authorized Third Party to rule over the PPCIEM annually. Footnotes
 Those built after the...