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Gold/Mining/Energy : LNG -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (92)	2/24/2004 1:08:49 PM
From: Dennis Roth	Read Replies (1) \| Respond to 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.

To: Dennis Roth who wrote (92)	9/13/2005 11:23:59 AM
From: Dennis Roth	Respond to of 919

CFE, Pemex await Manzanillo LNG decision - Mexico Published: Monday, September 12, 2005 18:03 (GMT -0400) bnamericas.com Mexico's energy department (Sener) will decide in "the next few days" whether state power company CFE and/or state oil company Pemex will manage a tender for a liquefied natural gas (LNG) regasification plant on the Pacific coast at Manzanillo, a CFE official told BNamericas. The CFE has for some time been planning a regasification plant with 500 million cubic feet a day (Mf3/d) initial capacity. However, Sener is assessing its gas needs and those of Pemex, and it could be either or both of the two companies that calls for bids, said Alberto Ramos, CFE project finance department deputy development director. If Pemex tenders the project, the CFE would buy the gas it needs for power generation in the area from Pemex, Ramos said. If the CFE is chosen, it would structure the bidding so as to buy LNG from the ship itself and then call for separate bids for regasification services, Ramos said, without ruling out the possibility that CFE itself could have a minority equity stake in the regasification plant. This structure would be different to the way in which CFE tendered its only other LNG terminal to date, the 1 billion cubic feet a day regasification plant at Altamira, from which Anglo-Dutch oil company Shell will supply the CFE with regasified LNG via the pipeline system rather than liquefied gas still on a vessel. Whoever calls for bids on the first stage of the Manzanillo project, a second stage of equal size would probably be needed within 3-4 years, Ramos said, adding that the CFE carrying out the first stage would not rule out Pemex tendering the second stage, or vice-versa. The reason for CFE tendering gas supplies on the Pacific coast is that it believes it could secure cheaper gas as LNG rather than piped gas from Mexico's Caribbean coast production or from US imports. CFE would then sell the gas to would-be power project developers, guaranteeing gas supplies and making the bid processes for new generation capacity more competitive. By Karl Royce BNamericas.com