Gas Processing & LNG is Produced by Gulf Publishing Holdings LLC



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."


Copyright © 2018. All market data is provided by Barchart Solutions. Futures: at least a 10 minute delay. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.

                                  CMEGroup                                     Icelogo

FEATURED COLUMNS

Editorial Comment
-Adrienne Blume
As discussed in the HPI Market Data 2019 report, published in November by Gas Processing & LNG’s sister publication, Hydrocarbon Processing, rising propane and ethane supplies in the US have been enabled by greater production of shale gas.
Industry Trends: Norway targets global LNG market
-Eugene Gerden
Norway aims to become a leading player in the global LNG market during the next several years through the establishment of new, large-scale LNG terminals.
Regional Focus: Challenges of scaling up Africa’s LNG production
-Shem Oirere
Several gas projects are underway in Africa, but they continue to be constrained by inadequate infrastructure, slow finance mobilization, lack of security and uncertainty over hydrocarbon regulations that are casting doubt on the outcome of the continent’s drive to meet its anticipated 128% gas demand increase by 2040.


GasPro 2.0: A Webcast Symposium

Register Now

The global LNG industry is becoming increasingly interconnected as grassroots export projects get off the ground. Another technology route for processing gas into fuels—GTL—is attracting renewed attention due to improving economics. Small-scale solutions for both LNG and GTL are at the forefront of new technological developments, while major projects using more conventional technologies continue to start up around the world.

During this webcast, we will focus on LNG, GTL, gas processing technology developments and deployments, operations, small-scale solutions, transportation, trading, distribution, safety, regulatory affairs, business analysis and more.

October 25, 2018 08:30 AM CDT

Register Now

 

Please read our Term and Conditions, Cookies Policy, and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2018 Gulf Publishing Holdings LLC.