Mexico to explore opportunities in gas storage infrastructure to become energy hub for Latin America
Press release 18/09/18
Mexico's energy revolution is centred on the development of its gas industry, with the Aztec nation displaying potential to become an energy hub for Central America and the Caribbean.
Five years ago Mexico received over 3.9 billion USD investments for natural gas pipelines and gas infrastructure. Mexico has the most significant opportunity for energy investment in the entire region and thanks to the National Hydrocarbons Commission (CNH), has developed a public bidding program presenting 35 exploration and extraction areas.
As the only Latin American member of the International Energy Agency Mexico has the status of first level oil and gas producer, so we’re delighted to host the Latin America & Caribbean Gas Conference next month in Mexico City in partnership with IGU, Arpel and CNH agencies from across the continent.
However, with this status comes challenges; gas storage infrastructure is critical for Mexico as it tries to develop its unviable wells to store natural gas; projects costing approximately 250 million USD. The construction of oil and natural gas storage methods, improvements to the gas transport system and optimisation of the electrical distribution network to integrate renewable energy are some fundamental challenges that must be resolved.
From 9-11 October the Latin American and Caribbean Gas Conference & Exhibition (LGC) will debate the future of Mexico’s gas sector and potential to become an energy hub. The meeting is in partnership with the International Gas Union – a non-profit organisation advocating gas as an integral part of sustainable energy systems.
“Production, incorporation of reserves and gas consumption in South America and Central America have remained relatively stable in the last five years. This conference is an opportunity to discuss how to increase demand and take advantage of gas potential to improve the competitiveness of our economies and the air quality of our cities by using natural gas in transportation.” Orlando Cabrales Segovia, Regional Manager, International Gas Union
In one of the most ambitious agendas for the sector, decision-makers from ENGIE, AES, MAN Diesel, MODEC, Shell, TOTAL, Petrobras and others will share knowledge with the industrial sector and seek business opportunities at the highest level. Jean-Marc Leroy, Senior Executive Vice President, External Relations at ENGIE commented, “This conference is an outstanding opportunity to gather and mobilize stakeholders to network and develop business in this region.”
For more information about this meeting:
Dates: 9-11 October 2018
Location: Hyatt Regency, Mexico City