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GDF Suez and Total to work with Pemex on natural gas projects

14th April 2014

French multinationals signs cooperation agreement with Pemex to develop Mexico’s natural gas sector.

GDF Suez, Total and Pemex have established an understanding to work together on future common development projects such as natural gas infrastructure facilities, gas liquefaction facilities, and gas to power plants.
Mexican and French presidents, Enrique Peña Nieto and François Hollande, were present at the signing.

GDF Suez, Total and Pemex have established an understanding to work together on future common development projects such as natural gas infrastructure facilities, gas liquefaction facilities, and gas to power plants.

The companies have agreed to work together 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.

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 740km Ramones Pipeline Project.

Pemex and Total agreed to evaluate future business options in unconventional fields such as shale gas and share best practices in refining processes, sulfur recovery, cleaner fuels and reconfiguration of industrial processes. They also agreed to exchange knowledge and experience between universities and Total Pemex.

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