Page 7 - LatAmOil Week 38 2021

LatAmOil MEXICO LatAmOil

MT Falcon’s Saltillo TPP in Mexico (Photo: Toshiba Energy)

JERA said in a statement that it would continue controls a short gas pipeline.
to renew its portfolio going forward, selling The sale comes at a time when companies
assets and reinvesting the proceeds as it opti- globally are reviewing the use of fossil fuels
mised its asset allocation for “compatibility with against a backdrop of concern about – and
a changing business environment and seeks to increasing investor interest in – sustainability
expand earnings.” and environmental issues.
Tohoku Electric Power, which has a 20% Mexico has 32.4 trillion cubic feet (917.5bn
stake in MT Falcon, was the fourth company to cubic metres) of proven and probable gas
sell, and confirmed its stake but did not give a reserves, according to statistics from the state
reason for doing so. oil regulator CNH. Nevertheless, the country is
Mexico City-based MT Falcon owns five highly reliant on gas piped in from the United
gas-fired combined cycle TPPs with a total States.
generating capacity of 2,230 MW, all located in Even so, there are large areas of under-drilled
the capital city. It also offers services related to natural gas reserves in the northern Burgos
the operation of gas-burning combined-cycle basin as well as along the Gulf coast, Mexican
power stations in north-eastern Mexico and officials said last year. ™

Study highlights Mexico’s

green hydrogen potential

MEXICO has strong potential for the develop-
ment of green hydrogen projects, according to
a newly released study commissioned by the
German-Mexico Energy Partnership (EP) and
financed by the German government’s Agency
for International Co-operation (GIZ).
William Jensen-Diaz, a consultant for EP,
stated earlier this week that Mexico had the
resources necessary to support large-scale
green hydrogen production. The country’s
north-western regions are particularly suitable
for this purpose, as they have the strongest solar
resources, he was quoted as saying by Argus
Media.
Jensen-Diaz did not say whether the study Solar farm in Baja California (Photo: Aura Solar)
had advocated for any specific projects. He did
assert, though, that green hydrogen production projects, he added.
could prove particularly beneficial for Mexico’s If Mexico converts public transport and
transport, power generation and oil-refining freight networks to this environmentally
sectors. friendly fuel, he said, the transportation sector
Green hydrogen could also be useful for may see green hydrogen demand rise to 1,750
industrial customers and support energy storage tonnes per year (tpy) by 2050.

Week 38 23•September•2021 www. NEWSBASE .com P7