Search for your article of interest

Pemex aims to retain CFE and Gas Natural Fenosa as customers

Thursday, February 9th, 2017 Category: Downstream & Pricing
Usefulness:  

Both, the Federal Electricity Commission (CFE) and Gas Natural Fenosa (GNF) were chosen to be part of the 30% of contracted clients that can choose to stay with Pemex’s services.

CFE and GNF, with contracts that together account for 15% of Pemex’s natural gas sales, need to decide whether they want to self-supply or stay with Pemex’s best offer.

CFE and GNF were chosen to be part of the 30% of contracted clients that can stay with Pemex’s services, in exchange for a binding offer that improves current selling costs: US$73.5/cf in continuous delivery; US$95.5/cf on a flexible basis, and US$132/cf per volumetric contract, according to a CRE’s statement.

To read the full article, or