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One Gas Line Is About to Boost U.S.-Mexico Exports by 20%

  • Los Ramones Phase II gas line may start as soon as this month
  • Line to boost deliveries south of the border by 17-22%: BNEF
Updated on

A single pipeline project in Mexico is poised to expand U.S. natural gas exports in a big way.

The Los Ramones Phase II line, which state-owned Petroleos Mexicanos is developing with private equity firm First Reserve Corp. and BlackRock Inc., which oversees $4.6 trillion in assets worldwide, is projected to boost U.S. gas deliveries south of the border by about 17 to 22 percent, according to Bloomberg New Energy Finance. Pemex has said the system may begin service this month.