Gas Natural Mexico to Resume Pipeline Construction Despite Unpaid Fine

Strategic Insights -

Gas Natural Mexico, through its subsidiary Metrogas, plans to resume construction of new natural gas pipelines in the Federal District of Mexico City despite not having paid the fine imposed by the Energy Regulation Commission following last year's accidents. To meet its goal of 439,253 users in the capital district, the company is seeking support from the Federal District government, which it is 45% behind schedule to reach. This development highlights the company's priorities and its ability to navigate complex bureaucratic processes.

Key Takeaways:

  • Gas Natural Mexico plans to resume construction of new natural gas pipelines in the Federal District of Mexico City.
  • The company is seeking support from the Federal District government to meet its goal of 439,253 users in the capital district.
  • Metrogas is 45% behind schedule to reach its target, according to Sonia Bozzi, director of public relations.
  • The company has not paid the fine imposed by the Energy Regulation Commission following last year's accidents, despite plans to resume construction.
  • The Energy Regulation Commission fine is equal to 100,000 minimum salaries or approximately US$400,000.
  • The secretariats of Government and Works and Services will meet with local government officials to discuss the continuation of construction.
  • The local government is required to authorize the company's network expansion.
  • Sonia Bozzi, director of public relations for Metrogas, stated that the company will continue with plans to expand its network.

Statistics:

  • 439,253: The number of users Gas Natural Mexico aims to have in the Federal District of Mexico City.
  • 45%: The percentage by which Metrogas is behind schedule to reach its target.
  • US$400,000: The approximate value of the fine imposed by the Energy Regulation Commission.
  • 100,000: The number of minimum salaries that the fine imposed by the Energy Regulation Commission is equivalent to.
  • 1 year: The length of time since the accidents occurred that led to the imposition of the fine.
  • 6 months: The length of time since construction was suspended.

Sources:

  • Mexico Analytica/Corporate Mexico by Internet Securities, Inc. via COMTEX