International oil
companies are overjoyed
with the Zedillo regime in
Mexico, which recently
decided to open transport,
distribution and storAge of
natural gas to the private sector. The oil giants are convinced that the move will
speed up development plans.
They believe that many gasfired power stations were
inexcusably delayed because
the state monopoly, Petreleos Mexicanos . (Pemex),
lacked the resources to put
supply pipelines in place.
"We are very interested,"
said David Annesley of
Trans-Canada Pipelines of
Calgary. The company plans
to bid for a power generation
project along with a Mexican
construction company. For
Mexico, still struggling to
recover from early 1995's
financial collapse, this could
spell recovery.
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