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Energy Regulatory Commission Agreement - Details

Energy Regulatory Commission agreement, which specifies the scope of the asymmetric regulation applicable to PEMEX for the first hand sale VPM and natural gas marketing, is found at the COFEMER system of regulatory improvement.

The agreement considers that:

  1. The first disposal of natural gas in national territory made by Pemex to a third party or between them should always be understood as a VPM.

Status Open Season Procedure

Status Open Season Procedure:

  • March 10, close of the reception of first applications.
  • From March 13 to March 17 will be the period to solve deficiencies.
  • On March 21 CENAGAS will publish the average β of first receptions.
  • From March 27 to April 7 will be a modification period to send the second proposals for the β.

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The New Natural Gas Market in Mexico

The new Natural Gas market in Mexico promotes the availability of alternative natural gas supplies by unbundling the transportation services from the natural gas supplies originally provided bundle by PEMEX. This process establishes the principles of “open access” to reserve capacity and contract for natural gas supplies, as well as regulations to protect end users from monopolies.

In response to the new rules, Pemex's First-Hand Sale contract (VPM) states “Clients who continue with Pemex bundle services will have the last priority in the allocation of Natural Gas."

CENAGAS Calendar

  • Period of reception of first postures: November 28, 2016- February 10, 2017
  • Grace period: February 13, 2017-February 24, 2017
  • Period of reception of second postures with second round of B's: Mach 6, 2017-March 17, 2017
  • Service request evaluation period: March 21, 2017-April 14, 2017
  • Period of notification of results to EPE's and interested parties: April 17, 2017- April 21, 2017
  • Period for auction of international pipelines: April 24, 2017- May 12, 2017
  • Period of reserve capacity swaps: April 24, 2017- May 19, 2017

Pemex Releases Portion of Industrials to Market

The Energy Regulatory Commission approves the procedure for the implementation of the Natural Gas Assignment Contract Program, an important step in the creation of an efficient and competitive natural gas market.

The Program establishes that, within a maximum period of four years, Pemex TRI will make available to third party marketers a part of its portfolio of contracts that represents 70% of the total natural gas volume of its current marketing activities.

The Program will be implemented in three phases: