News / Enagas and Fermaca wins Mexico gas concession

Enagas and Fermaca wins Mexico gas concession

🕔 August 5, 2013
UK politicians urge reconsideration of PPP projects

The consortium consisting of Spanish Enagás (50%) and the Mexican company Fermaca (50%)  won the tender process run by the Mexican Federal Electricity Committee to provide the natural gas compression service through the construction, operation and maintenance, in the role of owner, of the Soto La Marina Compression Station.

The location of the project is in the State of Tamaulipas (Mexico).

The concession is for a period of at least 20 years.

This infrastructure will provide a natural gas compression capacity of up to 19 bcm and to increase its transport capacity will interconnect with the San Fernando-Cempoala pipeline owned by the company Petróleos Mexicanos (Pemex).

The Soto la Marina Compression Station is in keeping with Enagás' strategy for  international growth in stable countries such as Mexico, investing in core  business activities while maintaining an optimal level of profitability and  establishing agreements with partners who provide experience in the local  market.

The investment planned for this project is around $90 million. The plan is to finance the project using Project Finance.

Source: Enagas

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