Implementing A Competitive Natural Gas Market In Mexico - CENAGAS to hold its first open season

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Centro Nacional de Control de Gas Natural (CENAGAS) has received authorization from the Comisión Reguladora de Energía (CRE) to conduct its first open season for the assignment of available capacity on a firm basis in the country´s integrated natural gas national pipeline and storage system. The system, also known as Sistrangás, includes more than 5,400 miles of pipelines formerly owned by Pemex, as well as the Gasoductos de Tamaulipas, Gasoductos del Bajío and three Ramones (I, II North and II South) pipelines, the last two of which remain under construction. There are currently no storage facilities in the Sistrangás.

EPE Round -

Prior to the open season, CENAGAS will assign capacity to Pemex, CFE, their respective subsidiaries and any other company in which Pemex or CFE have a direct or indirect ownership interest (known as “productive state enterprises” or “EPEs” by its Spanish acronym) in amounts sufficient to satisfy their “hydrocarbons industrial transformation” and “electricity generation” needs (such assignment to be known as the “EPE Round”).

Please see full publication below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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