MEXICO CITY (Dow Jones Newswires), Aug. 28, 2009
Mexican state oil monopoly Petroleos Mexicanos said Thursday it's preparing to seek bids from private companies on a $600 million natural gas pipeline project in central Mexico.
Pemex, as the company is known, said in a press release that representatives from 18 pipeline, construction and infrastructure development firms showed interest in the project.
To raise transmission capacity by 400 million cubic feet a day, the plan calls for the construction of a 230- kilometer pipeline from Tamazunchale to San Luis de la Paz, and a 56-kilometer line from San Luis de la Paz to San Jose Iturbide.
Companies that choose to participate in the tender for the 20-year service contract will determine the route the line should take, as well as the technical specifications, Pemex said.
Pemex first unveiled the plan last December, and had expected to initiate the tender process in the second quarter of this year.
While Mexico's oil and upstream gas activities are restricted to the state company, natural gas transmission, distribution and storage has been open to the private sector since 1995.
Copyright (c) 2009 Dow Jones & Company, Inc.
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