Mexican gas storage facility permit sought

Aug. 17, 2005
Terranova Energia S de RL de CV, the Mexican subsidiary of Tidelands Oil & Gas Corp., San Antonio, filed for a permit with Mexico's Energy Regulatory Commission for its proposed underground natural gas storage facility.

By OGJ editors
HOUSTON, Aug. 17 -- Terranova Energia S de RL de CV, the Mexican subsidiary of Tidelands Oil & Gas Corp., San Antonio, filed for a permit with Mexico's Energy Regulatory Commission (CRE) for its proposed underground natural gas storage facility.

The facility is to be built and operated by Terranova Energia in Brasil field of the Burgos basin near Reynosa, Tamaulipas, Mexico. The sandstone reservoir will have working capacity of 50 bcf and provide peak deliverability of 500 MMcfd.

The facility is part of a planned hub of bidirectional gas transmission pipelines, including the Terranova Oriente pipeline, for which a permit was filed with the CRE on Mar. 18. The pipelines will be able to carry gas between Texas and Mexico. Additional plans include a Gulf of Mexico LNG regasification terminal for which Tidelands expects to file permit applications soon.