Gulf Oil and Gas accountACCOUNT

Pemex Unit Plans JV to Import U.S. Natural Gas

Source: Reuters 7/30/2014, Location: South America

Mex Gas Supply, a unit of Mexico's Pemex, plans to form a joint venture with trading house Mercuria and JPMorgan Chase & Co to import natural gas from the United States, the Mexican state oil giant said.

JPMorgan is selling its physical commodities business to Mercuria for around $3.5 billion, a transaction will help move the Swiss firm into the top league of commodities traders.

A Pemex representative said that JPMorgan's role in the joint venture would be to provide financing. The representative said the joint venture was not yet finalized.

Pemex said the joint venture would become one of the top five players in the North American natural gas market. Operations are due to begin in the fourth quarter.

Natural Gas News in Mexico >>

China >>  7/9/2020 - BP has signed a gas supply agreement with ENN Group (ENN) to jointly support the growing energy needs of China’s southern Guangdong region. ...
Singapore >>  7/9/2020 -  The Energy Market Authority (EMA) has issued a Request for Proposal (RFP) to appoint up to two new Liquefied Natural Gas (LNG) term importers for Si...

United Kingdom >>  7/9/2020 - Angus Energy is updating the market on progress made on the Company's interests at Saltfleetby.

Angus Energy Weald Basin No.3 Ltd, the Co...

United States >>  7/6/2020 - New Fortress Energy LLC had entered into an agreement with Centrica LNG Company Limited (“Centrica”) to terminate New Fortress’s obligation to purchas...

Egypt >>  7/5/2020 - Minister of Petroleum and Mineral Resources Tarek al Molla said 1.07 housing units were connected to natural gas within 2019-2020 as part of a nationa...
Cameroon >>  7/3/2020 - Victoria Oil & Gas Plc, whose wholly owned subsidiary, Gaz du Cameroun S.A . ("GDC"), the onshore gas producer and distributor with operations locate...

Related Categories: Coal  Electricity  General  Natural Gas  Oil 

Related Articles: Coal  Electricity  General  Natural Gas  Oil 


Mexico Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.