Mirage Energy Corp (MRGE)

[Macod]

Interoceanic Corridor and the energy issue

May 15, 2022

This is an excellent article on the Isthmus Corridor and energy, which is supposed to be the main focus of the third infrastructure package. Small excerpt below..

https://avispa.org/corredor-interoceanico-y-el-tema-energetico/

This extraction and transformation of hydrocarbons is articulated with a network of pipelines for the transportation of fossil industry products. One of the elements involved in the Interoceanic Corridor is the expansion of this network in the region, which is currently made up of Pemex pipelines to transport natural gas, LP gas, oil and petroleum products, among which 2 pipelines stand out that go from Teapa to Salina Cruz, a multipurpose pipeline from Minatitlán to Salina Cruz, and a gas pipeline that runs from Jáltipan to Salina Cruz, which was rehabilitated in 2014.

For the expansion of this hydrocarbon transport network, several projects have been contemplated that have changed their names over the years, but that are currently still in the pipeline of energy projects in the region. The main ones are a gas pipeline that carries natural gas from the north of the Isthmus to Salina Cruz, which was considered in the pipeline expansion plan promoted by the government of Enrique Peña Nieto and which is maintained in the current administration as a project to "attend the needs of the Transisthmian Corridor”.

The other project extends the natural gas transportation network from the south of the Isthmus to the Central American countries, which is also included in the plans of the current government under the name of Gasoducto Prosperidad . With these two expansions of the National Gas Pipeline Network between Jáltipan-Salina Cruz and its extension from Salina Cruz to Tapachula and Central America, it is intended to advance in the configuration of an articulated land transport network of gas between the United States, Mexico and the Central American countries. .

To this network should be added the project to install a Liquefied Natural Gas (LNG) liquefaction terminal in the port of Salina Cruz, which began to be discussed in 2014, as part of a second phase of the project known as the Transoceanic Belt. , with which it was planned to expand the transport of natural gas from the Isthmus to Asia and Oceania. For the realization of this project of a terminal for the export of LNG in July 2019, the Director of Operations of the Overseas Private Investment Corporation (OPIC), now called the International Development Finance Corporation (DFC) of the United States, announced the intention of finance the construction of this plant in southern Mexico with 250 million dollars.

In August 2021, the CFE, through its subsidiary company CFEnergia, advanced in the design of the project by publishing a call to "know the interest of the private sector in the development of natural gas liquefaction infrastructure in the port of Salina Cruz, Oaxaca. With the construction of these gas pipelines in the Isthmus and in Chiapas to connect with Central America, one of the other goals foreseen within the "Mesoamerica Project" will be fulfilled, generating a gas interconnection between the US, Mexico and Central America. This would allow a greater outlet for surplus gas through the fracking technique in the US.