Inter-Ocean Canal in Mexico

The Mexican state oil company PEMEX has announced investments of $1,4 billion in pipeline for natural gas, propane gas and gasoline, and logistics and port facilities in the Isthmus of Tehuantepec, 200 km from the border with Guatemala.

Thursday, April 10, 2014

From a statement issued by PEMEX:

Pemex presents its Marketing Strategy for the Transístmico Energy Corridor

With a commitment to implementing long-term solutions to strengthen the country's competitiveness and promote optimal conditions for economic development, PEMEX Gas and Basic Petrochemicals (PGPB) presented its Marketing Strategy for the Pacific Markets - Transístmico Energy Corridor to companies and institutions interested in participating in its development.

The strategy is based on leveraging the geographical position of Mexico, the oil infrastructure in the South East and production of hydrocarbons in the Gulf of Mexico. For this purpose, it is necessary to have transportation and storage infrastructure in the Isthmus of Tehuantepec, allowing the flow of fuel from the Gulf of Mexico to the Pacific in order to participate in the markets of Central and South America and Asia.

More on this topic

Panama Canal Seeks Customers in Gas Sector

January 2015

The Maritime Authority has signed an agreement with the Port of Lake Charles, Louisiana, USA, as part of the strategy to attract new customers within the logistics sector for liquefied natural gas.

From a statement issued by the Panama Canal Authority:

The Panama Canal has signed a cooperation agreement with the Port of Lake Charles, Louisiana, United States, as part of the strategy to attract new customers in the market for liquefied natural gas (LNG) taking advantage of the benefits afforded by use of the expanded Canal.

Central America Gas Pipeline Project Resurfaces

January 2014

The Mexican government is considering constructing a pipeline and eventually a refinery to supply the region.

Miguel Hakim, Mexican Secretary for Latin America and the Caribbean, said his country is considering building a refinery and natural gas pipeline which would cross the isthmus and would be an alternative option for generating power at low cost. Petroleos Mexicanos (Pemex), has $2 billion to invest.

Hydrocarbon Statistics for Central America

October 2008

Fuel is most expensive in Costa Rica and Nicaragua, and cheapest in Panama.

This is one of the data presented in the recent Cepal report: "The Central American Isthmus: Hydrocarbon Statistics 2007."

The report makes a general conclusion for region on cost of fuel in the region regarding the total commercial balance. In 2006, the import of Hydrocarbons represented 15.5% of exports, while in 2007 this figure was at 17.1%.

Honduras gets to work on the Dry Canal

July 2008

Honduras has begun construction of its stage of the "Dry Canal", the Central American inter-ocean highway. The project is backed by the Central American Bank for Economic Integration (BCIE).

The 100-kilometer route is to link Goascorán, on the border with El Salvador, with Villa de San Antonio in central Honduras.

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