Avant Energy Announces $200 Million Investment In Midstream Assets In Mexico
MEXICO CITY, PRNewswire - Avant Energy announced today that it will build a network of terminals to supply refined petroleum products from the Port of Altamira, Tamaulipas to the Bajio region of North-Central Mexico. The network will be known as "SUPERA" (Suministro de Petroliferos Altamira–Bajio).
Avant Energy is a Mexican company focused on the development, construction and operation of energy infrastructure for the oil, natural gas, refined products and power sectors, and is working on this development with US logistics group Savage Companies ("Savage") and rail operator Kansas City Southern de México ("KCSM") as strategic partners.
The SUPERA network will provide an efficient logistics solution for companies to supply refined products from the USA to several cities in the Bajio region. Initially the network will consist of a marine terminal and an inland terminal developed simultaneously and involving an investment in the order of $200 million.
The marine terminal will be located in the Port of Altamira. It will be capable of unloading Panamax size vessels and providing storage for up to 1.2 million barrels of refined products. The terminal will be operated by Savage and will facilitate rail access to the Bajio region via an interconnection with the existing KCSM railroad. Key port facilities and regulatory permits have been obtained.
The initial inland terminal will comprise a storage and dispatch facility in Queretaro with direct connection to the KCSM system. This terminal is being designed to receive unit trains with storage capacity of 450,000 barrels. Both the marine terminal and the inland storage facility are expected to commence construction during 3Q 2018, and start commercial operation before the end of 2019.
"We are proud to develop this unique infrastructure network that provides superior logistics solutions to connect the high growth Bajio region with the U.S. Gulf Coast, the largest and most efficient market in the world for refined products," said Luis Farias, CEO of Avant Energy. "The energy reform has allowed new players such as Avant Energy to participate in open markets, which will allow increased efficiencies to the supply chain and ultimately benefit the consumer."
"This network will open the door to more efficient supply and transportation of refined petroleum products from U.S. refiners into Mexico's North-Central region, where it is needed," said Kirk Aubry, Savage President and CEO. "We're pleased to partner with Avant
Energy and Kansas City Southern de México in this important project to help ensure safe, reliable and affordable service for our customers."
"We're committed to supporting this significant project," said Kansas City Southern President and CEO Patrick J. Ottensmeyer. "It's aligned with our strategy to increase the volume, velocity and value of the commodities we move."
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At October’s HPI Forecast Breakfast for our sister publication, <i>Hydrocarbon Processing</i>, I shared <i>Gas Processing</i>’s forecast on change in the LNG industry.
In one of the toughest markets in the history of gas compression, we are challenged to deliver more with less.
The New LNG Imperative
The shale gas boom established the US as the world’s leading natural gas producer and is responsible for billions of dollars of investments in the US gas processing industry. Since 2012, the US has witnessed unprecedented growth in new gas processing capacity and infrastructure. This rise is due to greater production of domestic shale gas, which is providing cheap, available feedstock to fuel the domestic gas processing, LNG and petrochemical industries. New gas processing projects include the construction of billions of cubic feet per day of new cryogenic and gas processing capacity, NGL fractionators, multi-billion-dollar pipeline infrastructure projects, and the development of millions of tons per year of new LNG export terminal construction. Attend this webcast to hear from Lee Nichols, Editor/Associate Publisher, Hydrocarbon Processing, Scott Allgood, Director-Data Services, Energy Web Atlas and Peregrine Bush, Senior Cartographic Editor, Petroleum Economist as they discuss the future of LNG and the application of Energy Web Atlas, a web-based GIS platform which allows users to track real-time information for every LNG project.
November 29, 2017 10am CST
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