NET Mexico will be anchored by a long term firm gas transportation agreement, for up to 2.1 Bcf/d, with MGI Supply Ltd, an indirect wholly owned subsidiary of Pemex Gas y PetroquÃmica Básica (Pemex Gas), the Mexican state-owned gas company.
NET Mexico will transport gas from the Agua Dulce Hub in Nueces County, Texas, to a point near Rio Grande City in Starr County, Texas.
“NET Mexico Pipeline will be an important source of supply to meet Mexico’s growing demand for natural gas” said Co-President of NET Joe Gutierrez. “We look forward to this exciting new partnership with MGI and Pemex Gas. NET Mexico is a natural next step in our pipeline system, as we connect abundant gas supply from the Eagle Ford Shale to expanding power generation and industrial markets in Mexico.”
The pipeline will be brought into service in December, 2014.