The Mexican electricity company CFE plans to extend its partnerships with the private sector to its natural gas sales branch.

Miguel Reyes, head of CFEnergía’s gas trading division, attended a Mexico-US natural gas forum in San Antonio, Texas for the first time in four years, according to a report by Natural. GasIntelligence.

The executive noted that the company was “putting contractual disputes behind us,” referring to the renegotiation of the natural gas contract that took place in 2020. He added that the company was looking to “work in partnership” with private companies to use the excess gas. capacity of its conduits.

Reyes took the stage with representatives from TC Energía, Sempra Infraestructura and New Fortress Energy, American and Canadian companies that are developing projects in partnership with CFE.

During the panel, the executive said that CFE was looking for “common points and objectives” with private partners and that they appreciated the public company’s ability to help obtain permits and solve related social problems. to their projects.

CFE installs a maritime pipeline and carries out several LNG projects in partnership with companies.

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Meanwhile, CFE is considering accessing natural gas storage in the United States to protect against possible exposure to extreme weather events, according to Oil & Gas Magazine.

Aniel Altamirano, deputy director of international fuel and energy marketing arm CFE International, told the Mexican outlet that the company is aware that a low-temperature event such as the deadly cold spell that the Texas suffered in 2021 could again cripple imports from the United States. through pipelines, endangering the Mexican power grid.

During the cold snap, CFE was able to limit power outages by securing emergency LNG shipments, Altamirano said. Experts have long considered local storage capacity insufficient.