Mexico’s Comisión Federal de Electricidad (CFE) is preparing to hold auctions in the United States and Mexico to sell natural gas capacity to third parties.


The state-owned company seeks to develop a secondary market to improve its overall profit margins, Miguel Reyes, CEO of CFE International, said during the 8th Mexico Infrastructure Projects Forum in Monterrey, Mexico.

In “the next few days,” CFE International LLC, the U.S.-based private commercial arm of the state electricity company, and its Mexican counterpart CFEnergía, will announce plans for “an auction that contributes to the development of a natural gas secondary market” and seeks private sector buyers in both countries, Reyes said.

“We wanted to announce this auction for natural gas capacity to...