Twenty-four companies representing a wide range of industries and national origin gained access Monday to Mexico’s natural gas pipelines that had been under the control of state-run oil company Petroleos Mexicanos (Pemex) for almost eight decades.
Articles from Mexico
Increased natural gas transport volumes helped to lift Kinder Morgan Inc. (KMI) results during the first quarter as the company looks ahead to opportunities on the gas side from liquefied natural gas (LNG), exports to Mexico, as well as new Permian Basin takeaway capacity.
Mexico’s CENAGAS last Friday concluded a further stage of its open season for pipeline capacity in the Integrated Natural Gas Transportation and Storage System (SISTRANGAS).
On March 27, four days after Cenagas announced the results of its first open season for one-year contracts on Mexico’s National Integrated Natural Gas Transportation System (Sistrangas), it called for a second round of bidding to make adjustments for three oversubscribed routes.
Jumping Jack Flash…On March 28, Spanish natural gas marketer Gas Natural Fenosa (GNF) said it will invest 1.2 billion pesos (US$60 million) in Mexico, during 2017. GNF will target the states of Sonora and Sinaloa in the northwest and the state of Mexico in the center, building out its natural gas distribution networks. A company spokesperson said GNF expects to add 200,000 customers this year, to complement the 1.7 million it already has signed up in the country. (source: El Economista)
Impulsora Pipeline LLC on Wednesday asked FERC for more time to complete the border crossing facilities for its pipeline from Webb County, TX, in Eagle Ford Shale country to the Texas-Mexico border.
Trans-Pecos Pipeline LLC on Wednesday asked FERC for permission to place into service the natural gas pipeline project’s Presidio Crossing. The Trans-Pecos system is slated to come online March 31, according to a company spokeswoman.
Revving up. On March 2, the Energy Secretariat (SENER) published its revamped strategy to drive the country’s oil and gas bidding rounds. The principal changes are to establish standard block sizes, to open all blocks simultaneously for nomination by private parties, and to hold two bidding rounds per year. The three-step nomination scale — high, middle, low — will help SENER gauge private-sector interest across the country’s reserves and to rank the latter both domestically and internationally. While nominations are open to anyone as of the announcement, there will be a three-month period prior to the launch of a bidding round for SENER to evaluate which blocks to include. It looks as if SENER is in a hurry to maximize the country’s oil rent. (Source: SENER)
Cenagas’ first transportation capacity open season for Mexico’s National Integrated Pipeline System (Sistrangas) reached another milestone Friday when the request submission period ended.
With one of the energy sector’s larger stakes in Mexico, Sempra Energy is watching closely moves in the White House with the new president’s focus south of the border, but so far its CEO thinks the San Diego-based utility holding company will continue to do just fine down there.