The gas pipeline starts in Macuspana, Tabasco, and runs through the states of Chiapas, Campeche and ends in Valladolid, Yucatan.
It will be extended by another 75km from the Nuevo Pemex gas processing plant owned by Pemex Gas y Petroquimica Basica (PGPB) in Nuevo Pemex, Tabasco to the existing Mayakan pipeline in Macuspana, Tabasco.
GDF is investing about $92m for a 67.5% interest in the pipeline, while GE Energy Financial Services will provide about $44m for a 32.5% stake.
Mexico’s state-owned electric utility Comisión Federal de Electricidad (CFE) has contracted PGPB to use 300 million cubic feet per day of gas through the new 30in diameter pipeline to fuel power plants in the Yucatan Peninsula.
The fuel for these power plants will be switched from diesel and fuel oil to cleaner and less expensive natural gas.
GE Energy Financial Services president and CEO Alex Urquhart said, "This investment helps Mexico strengthen its natural gas infrastructure in the kind of critical, contracted, long-lived midstream assets we know well."
GDF SUEZ Mexico CEO Germain Manchon said, "We are pleased to start Mayakan’s extension, and to continue working side by side with the Energy Regulatory Commission, PEMEX, the Federal Electricity Commission, and a trusted partner in GE, to bring more gas and power to a growing region like the Yucatan Peninsula."
