CFE signs agreement with French Engie for gas infrastructure in Yucatán

Mexico's state-owned company Comisión Federal de Electricidad signed an agreement with France's Engie to create natural gas infrastructure in the Yucatán peninsula.

With the agreement, CFE expects to have the necessary fuel available to produce electricity in the southeast of the country.

"These types of public-private agreements strengthen the Commission's strategic position nationally and internationally, in addition to contributing to the country's economic and social development," said Manuel Bartlett, CEO of the state-owned electric company, in a statement.

Bartlett said that the agreement will make it possible to guarantee the supply of hydrocarbons and obtain a competitive tariff that will help the government's commitment not to raise energy costs, according to the communication.

"As happened 25 years ago when Engie arrived in the country, today we have the opportunity to reiterate our commitment to the Mexican government and all Mexicans to develop projects that accompany the energy policy to democratize access to competitive and clean energy for all, supporting the energy transition," said André Canguçú, Engie's managing director of Networks for the Americas.