©Reuters. Pemex and CFE will invest 11,718 million dollars in energy projects
Villahermosa (Mexico), Jul 1 (.).- Petróleos Mexicanos (Pemex) and the Federal Electricity Commission (CFE), companies of the Mexican State, announced this Friday investments for a total of 11,718 million dollars in energy projects in the country .
In the largest of these plans, the CFE will make a strategic alliance with the Canadian TC Energy for the “energy security of the southeast” for an amount of 5,000 million dollars to develop a 420-kilometer marine gas pipeline from Tuxpan to Coatzacoalcos, in the state of Veracruz, in the Gulf of Mexico.
The “CFE will have a shareholding in the entire company and from 2026 it will increase its participation in the new pipeline until it owns 49%,” said Manuel Bartlett, general director of the Mexican state company, at the inauguration of the new refinery Dos Bocas, Tabasco, in southeastern Mexico.
The second project of the CFE is with the American New Fortress Energy for an amount of 2,200 million dollars with which the CFE will be a partner in a natural gas liquefaction project and will obtain an additional gas plant in Baja California Sur to guarantee the supply in that northwestern region of the country.
The Mexican electricity company will participate as a shareholder of 15% of the project.
Meanwhile, the CEO of Pemex, Octavio Romero Oropeza, announced a “turnkey” contract with the Mexican-American company Ica Fluor Daniel for 3,018 million dollars for the construction of a coking plant at the Salinas Cruz refinery, Oaxaca, in southern Mexico.
“This work is of great importance because we will stop producing fuel oil and we will be increasing production by 70,000 barrels per day of low-sulfur gasoline and diesel,” he explained.
The last announcement was the reactivation, for 1,500 million dollars, of the exploitation of the Lakach non-associated gas field, with a reserve of 900,000 million cubic feet off the coast of Veracruz, with a water depth of 1,000 meters.
“After having made an investment of 1,400 million dollars, this project was suspended for more than 6 years. With satisfaction, we can announce today that we have agreed to resume this project with the North American company New Fortress Energy,” Romero Oropeza reported.
The announcements were made at the opening ceremony of the Dos Bocas refinery, which the president of Mexico, Andrés Manuel López Obrador, inaugurated this Friday with the promise of refining 340,000 barrels of .
With these projects, Mexico intends to achieve energy self-sufficiency at the end of López Obrador’s six-year term, in 2024, according to the director of Pemex.