GDF Suez and Pemex to cooperate on Mexican energy projects

GDF Suez of France and Mexico’s Pemex are understood to have signed a two-year memorandum of understanding under which they will work together on energy projects in Mexico, including gas infrastructure, gas liquefaction facilities and gas-fired power plants. GDF Suez already owns gas transport, supply and power generation businesses in Mexico and is a partner with Pemex on Phase 2 of the Los Ramones pipeline project. Phase 2 will run for 740 km and provide customers in central Mexico with access to US gas imports.

 

GDF Suez also owns Maxigas Natural, Mexico’s second-largest gas distribution company, serving 400,000 customers across six regions. In addition, it owns 67.5% of Energie Mayakan, which operates a 679-km gas pipeline crossing four states between Tabasco and Yucatan, and has a 100% stake in Gasoductos del Bajio, operator of a 240-km pipeline from Guanajuato state to Aguascalientes state. Other assets include 300 MW of cogeneration power plants in north-east Mexico.