GDF SUEZ signs a Memorandum of Understanding and Cooperation with PEMEX to promote the development of energy projects in Mexico
On the occasion of the visit of a French government delegation to Mexico, Gérard Mestrallet, Chairman and CEO of GDF SUEZ, signed a Memorandum of Understanding and Cooperation with Emilio Lozoya, Chairman and CEO of PEMEX, to develop natural gas and other energy projects in Mexico. Mexican and French Presidents Enrique Peña Nieto and François Hollande were present at the signing.
With this memorandum, GDF SUEZ and PEMEX have established a collaboration mechanism to work together on future common development projects such as natural gas infrastructure facilities, gas liquefaction facilities, and gas to power plants.
On the occasion of the signing ceremony, Gérard Mestrallet, Chairman and CEO of GDF SUEZ, said “For GDF SUEZ, the signing of this memorandum illustrates the participation of our Group in developing energy infrastructure in Mexico. A central part of our strategy is to accelerate our presence in fast growing markets, and Mexico is clearly a very attractive one.”
This is the first comprehensive memorandum GDF SUEZ has signed with PEMEX, which will have a duration of two years. GDF SUEZ is already working with PEMEX on Phase II of the 740 km Ramones Pipeline Project.
GDF SUEZ has extensive activities throughout Mexico. The Group manages three steam-electricity cogeneration projects with a total installed capacity of 279 MW. It also operates six natural gas distribution companies serving 400 000 customers throughout the country and two gas transportation networks. The Group serves the Mexican market through an integral offering of energy and environmental services with the highest standards in terms of quality and respect of the environment.
GDF SUEZ develops its businesses (power, natural gas, energy services) around a model based on responsible growth to take up today’s major energy and environmental challenges: meeting energy needs, ensuring the security of supply, fighting against climate change and maximizing the use of resources. The Group provides highly efficient and innovative solutions to individuals, cities and businesses by relying on diversified gas-supply sources, flexible and low-emission power generation as well as unique expertise in four key sectors: independent power production, liquefied natural gas, renewable energy and energy efficiency services.GDF SUEZ employs 147,200 people worldwide and achieved revenues of €81,3 billion in 2013. The Group is listed on the Paris, Brussels and Luxembourg stock exchanges and is represented in the main international indices: CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe and Euronext Vigeo (World 120, Eurozone 120, Europe 120 and France 20).