GDF SUEZ signs MOU with PEMEX for new energy projects in Mexico

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
GDF SUEZ signs MOU with PEMEX for new energy projects in Mexico

On the occasion of the visit of a French government delegation to Mexico, Gérard Mestrallet, Chairman and CEO of GDF SUEZ, signed a Memorandum of Understanding and Cooperation with Emilio Lozoya, Chairman and CEO of PEMEX, to develop natural gas and other energy projects in Mexico.

Mexican and French Presidents Enrique Peña Nieto and François Hollande were present at the signing.

With this memorandum, GDF SUEZ and PEMEX have established a collaboration mechanism to work together on future common development projects such as natural gas infrastructure facilities, gas liquefaction facilities, and gas to power plants.

On the occasion of the signing ceremony, Gérard Mestrallet, Chairman and CEO of GDF SUEZ, said:

“For GDF SUEZ, the signing of this memorandum illustrates the participation of our Group in developing energy infrastructure in Mexico. A central part of our strategy is to accelerate our presence in fast growing markets, and Mexico is clearly a very attractive one.”

This is the first comprehensive memorandum GDF SUEZ has signed with PEMEX, which will have a duration of two years. GDF SUEZ is already working with PEMEX on Phase II of the 740 km Ramones Pipeline Project.

List of country news

Country news

  • June 13, 2014

    Iberdrola plans to invest $5bn in Mexican energy sector

    Iberdrola plans to invest about US$5 billion between 2014 and 2018 in Mexico’s energy sector as a part of a signed collaboration agreement with the Mexican Federal Electricity Commission (CFE). Read more
  • June 17, 2014

    IEnova announces closing of financing for Energía Sierra Juarez Wind Project

    On 12 June 2014, Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) announced the execution and funding of a US$270 million project financing for the construction of the first phase of the Energía Sierra Juárez wind project. Read more
  • June 27, 2014

    Mexico tenders contruction and operation of Ojinaga - El Encino gas pipeline

    Mexico state-owned power utility CFE this week launched a bidding round for the construction of the 254km Ojinaga-El Encino gas pipeline in the northern state of Chihuahua. Read more
  • August 26, 2014

    GDF SUEZ starts construction of Ramones II South pipeline in Mexico

    GDF SUEZ, together with its partner PEMEX, have started the construction of the Ramones Phase II South pipeline, a segment of the Ramones natural gas pipeline system, which is one of the largest energy infrastructure projects in Mexico’s history, extending from the Texas border to central Mexico. Read more
  • September 09, 2014

    Actis to invest $250m in Mexican energy platform

    Actis is committing US$250 million to establish a Mexican energy platform, Zuma Energía, which will target over 500 MW of installed capacity in the country. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.