Reguladora

Tidelands Oil & Gas Corp. said its subsidiary, Terranova Energia, filed a permit application Aug. 5 with Mexico’s Comision Reguladora De Energia (CRE) for construction of a proposed 50 Bcf underground natural gas storage facility in the Brasil Field of the Burgos Basin near Reynosa, Tamaulipas. The facility will be Mexico’s first gas storage field and is expected to be part of Tidelands’ integrated cross-border gas pipeline, storage and LNG import project.

Tidelands Oil & Gas Corp. said a subsidiary, Terranova Energia, filed a permit application on Friday with Mexico’s Comision Reguladora De Energia (CRE) for construction of a proposed 50 Bcf underground natural gas storage facility in the Brasil Field of the Burgos Basin near Reynosa, Tamaulipas. The facility will be Mexico’s first gas storage field and is expected to be part of Tidelands’ integrated cross-border gas pipeline, storage and LNG import project.

Mexico’s Comision Reguladora de Energia (CRE) said several international corporations are planning liquefied natural gas (LNG) facilities in Mexico, and the CRE has formed a work group to identify necessary regulatory changes to grant permits and facilitate the development of the LNG plants. The country is expecting a 9% annual increase in gas demand, and LNG supply is expected to help meet some of that growth, CRE said in a statement. The probable sites for the LNG facilities include Altamira in Tamaulipas and Ensenada in Baja California. “The characteristics of each project are different and must be evaluated in order to identify the advantages that each of them pose to cover the growing demand of natural gas, demand fostered by a plan to develop electricity generating plants and projects of transport and distribution approved by the CRE.”

The North Baja Pipeline Project moved to within one step ofbecoming reality yesterday as Mexico’s Comision Reguladora deEnergia (CRE) issued a natural gas transportation permit to SempraEnergy International for the construction of the 135-mile Mexicansegment of the $230 million, 215-mile Arizona to Mexico pipeline.

Mexico’s Comision Reguladora de Energia has a new chairman, after President Vicente Fox appointed Dionisio Perez-Jacome Friscione to a five-year term. Perez-Jacome had headed the Energy Ministry’s Investment Promotion Unit and had also served in the ministry as executive director for Public Non-basic Petrochemical Companies.

Mexico’s Comision Reguladora de Energia has a new chairman thisweek, after President Vicente Fox appointed Dionisio P‚rez-JcomeFriscione to a five-year term. P‚rez-Jcome had headed the EnergyMinistry’s Investment Promotion Unit and had also served in theministry as executive director for Public Non-basic PetrochemicalCompanies.

Mexico’s energy regulatory commission, the Comison Reguladora de Energia (CRE), intends to hold a public hearing in November to discuss measures to deal with gas price volatility, strong demand growth and future improvements in Mexican natural gas industry competition.

Mexico’s energy regulatory commission, the Comison Reguladora deEnergia (CRE), has called for a public hearing to discuss measuresfor advancing toward a “more efficient and competitive Mexicannatural gas industry.” The call for action follows an Aug. 1measure implemented by the CRE to alleviate the burden of therecent price volatility experienced by the gas industry.

Mexico’s Comision Reguladora de Energa (CRE) granted a permitto Transportadora de Gas Natural de Baja California, a subsidiarycompany of U.S.-based Sempra Energy International, for transportinggas to the Presidente Juarez thermoelectric station in Rosarito,Baja California. The pipeline is part of a ten-year gas supplycontract valued at close to a billion dollars. Enova and PacificEnterprises (now combined to form Sempra) won the bid for gas tosupply the generating station. The projected 30-inch diameterpipeline will span 23 miles and is designed to operate with acompression capacity of 810 MMcf/d and operative capacity of 270MMcf/d.