SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : LNG
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Dennis Roth who wrote (92)2/24/2004 1:08:49 PM
From: Dennis Roth  Read Replies (1) of 919
 
Repsol says Mexico project tied to Bolivia success
biz.yahoo.com

Tuesday February 24, 11:26 am ET

MADRID, Feb 24 (Reuters) - Spanish oil and gas group Repsol YPF (Madrid:REP.MC - News) on Tuesday said the duration of its investment in a Mexican regasification plant could depend on what becomes of its endangered plans to export gas from Bolivia.

Chairman Alfonso Cortina told a news conference that Repsol could sell its Mexican operations if needed, and that there were four multinational oil firms he would not name who were interested in joining the project as a partner.

Repsol announced last week that Mexico had awarded it a site to build a liquefied natural gas regasification plant in the Pacific port of Lazaro Cardenas that would begin operating in 2008.

"The motive for (having) this plant is to promote the (Bolivian) project Pacific LNG," Repsol Chairman Alfonso Cortina told a news conference.

But the Bolivian project to export gas to the United States and Mexico ran into trouble last year when rural protesters opposed the exporting of its natural resources through Chile, which has a border dispute with Bolivia.

Those protests turned violent and were part of a wider opposition movement against free market policies that forced the resignation of President Gonzalo Sanchez de Lozada last October.

Bolivia has called a vote on whether the country should export gas, and a related law on gas exports is being discussed in the Bolivian congress.

If those fail, Repsol would consider selling the Mexican project or bringing in partners.

"We could sell at a capital gain," Cortina said.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News