Release date: September 19, 2017
MEXICO CITY — BP Energía México, BP’s natural gas marketing and trading arm in Mexico, has started to deliver approximately 200,000 mmbtu/d of natural gas to industrial users, local distribution companies and independent power producers in eight states in Mexico, making BP one of the first private companies to supply natural gas to the domestic market under the country’s energy reform measures.
The announcement comes after BP Energía México was awarded pipeline transportation rights at an auction hosted earlier this year by CENAGAS, Mexico’s national center for natural gas control. BP Energía México has also executed a firm transport agreement with CENAGAS in addition to agreements with other transporters and local distribution companies in order to offer bundled services for delivery of natural gas.
Delivery has begun across eight states - Nuevo Leon, Coahuila, San Luis Potosi, Veracruz, Mexico State, Guanajuato, Tamaulipas and Queretaro.
“We see this as an important milestone in BP’s increasing involvement in and commitment to Mexico,” said Orlando Alvarez, CEO of BP Energy Company, BP’s North America energy marketing and trading group of which BP Energía México is a part. “We intend to continue to grow our Mexican customer base and be a reliable supplier of natural gas into the country for many years to come.”
BP has invested in Mexico for more than 50 years, starting with marketing and distribution of Castrol. In December 2016, BP participated in Mexico’s first tender for deepwater licences, winning interests in two exploration blocks in Cuenca Salina in the Southeast Basin. In March BP opened its first fuels retail site in Mexico and plans to open around 1,500 sites across the country over the next five years.
“BP has a long history in Mexico and we are looking to continue to grow our presence here in line with the country’s energy reforms. Supplying natural gas is another step forward, building on our other businesses and bringing new offers to Mexico’s consumers as we seek opportunities across the energy sector,” added Chris Sladen, Head of Country for BP in Mexico.
BP’s marketing and trading business delivers energy supplies around the world, while offering financial services that help investors guard against fluctuations in energy prices. It works with a wide range of companies, as well as other BP businesses, to buy, sell and transport commodities such as natural gas, natural gas liquids, power, crude oil, chemicals, sulphur and refined products.
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