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Repsol lands US$15m Mexican gas contract

Wednesday, October 3, 2007


Repsol YPF has landed a contract to supply US$15 million worth of gas to Mexico.

A release from Repsol said gas produced in Peru will be used to supply the Mexican Manzanillo plant, located on Mexico’s Pacific coast.

The Manzanillo plant will supply the electricity power stations of the west-central zone of Mexico.

The 15-year contract, awarded in an international tender, included the supply of 67.5 billion cubic meters (bcm), equivalent to more than double the annual consumption of Spain.

The gas supplied will come from the Camisea liquefaction plant in southern Peru, of which Repsol YPF is the exclusive trader. The Camisea project, located in Pampa Melchorita (Peru), will be operational in 2010, a date when supply will begin, not only to Mexico, but to different markets on the Pacific Coast of America and to other Asian countries, the release stated.

In addition, the strategic position of Camisea enables Repsol YPF to become one of the largest potential suppliers of liquefied natural gas of the Pacific Basin.



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