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Mirage Energy Corp MRGE

Mirage Energy Corporation, through its wholly owned subsidiaries, focuses on developing an integrated pipeline and natural gas storage facilities in Mexico and the United States. The Company is proposing to develop the Concho-Progreso Pipeline connecting South Texas and Mexico through its proposed Progreso International crossing under the Rio Grande River. All of the pipelines are revised upward from 36 to 42-inch diameter pipes. The total length of the Concho-Progreso pipeline is estimated to be about 250 miles. In addition to the proposed pipelines and international crossing, the Company proposes to develop the Campo Brasil natural gas storage reservoir. The Campo Brasil is a depleted natural gas reservoir field. This field is located approximately 14 miles from the proposed Progreso Line. Its subsidiaries include 4Ward Resources, Inc. (Texas), WPF MEXICO PIPELINES, S. de R.L. de C.V. (Mexico), WPF TRANSMISSION, INC. (Texas), and CENOTE ENERGY S. de R.L. de C.V. (Mexico).


GREY:MRGE - Post by User

Comment by pmseekeron Feb 08, 2019 10:10am
113 Views
Post# 29337351

RE:RE:Mexico needs nat. gas

RE:RE:Mexico needs nat. gasGoing forward, the conditions are ripe for natural gas to become the mainstay of all energy sources in Mexico. In its most recent analyses of market conditions, SENER projects that the use of natural gas will further increase by 2031, primarily due to a large number of combined cycle power plants coming online over the next decade. The countrys demand is anticipated to reach 9.66 billions of cubic feet per day (Bcfd), an increase of almost 27 percent from 2016. The power sector is predicted to remain the leading consumer of natural gas and capture 61.6 percent of gas supply. In other words, demand for natural gas in electricity generation is expected to expand from 3.97 Bcfd in 2016 to 5.95 Bcfd in 2031, a trajectory that likely makes natural gas the most important energy source for the next few decades.11
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