Monterra Making Progress on Pipeline Project in Mexico
Monterra Energy has secured preferred, priority, 24/7/365 access to an existing 200 meter dock along the Pantepec River for the company’s Monterra del Centro Pipeline Project.
Monterra successfully launched the first CRE approved Open Season for the pipeline portion of the Tuxpan to Tula refined products system on June 1st 2016. To date, Monterra has received interest in excess of 100,000 barrels per day of clean fuels including diesel, gasoline and jet fuel from both Mexican and international groups.
Monterra has also agreed to indicative terms with multiple anchor clients both in Mexico and internationally that in aggregate represent sufficient demand to advance the project to the next stage. Over the coming weeks, Monterra will be working with clients to execute final documents and design each asset to the capacity and size required by the market. The formal permitting procedure with CRE and other regulatory bodies is expected to start this summer.
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