CFE Planning Natural Gas Capacity Auction in U.S. and Mexico https://www.naturalgasintel.com/cfe-planning-natural-gas-capacity-auction-in-u-s-and-mexico-says-top-official/
Reyes explained in Monterrey that, as a result of numerous long-term contracts signed during the previous administration, CFE has capacity that exceeds the needs of the state company...
The excess capacity that CFE plans to auction will be made available at specific hubs and delivery points in the United States and Mexico where interested companies can bid on certain quantities of natural gas to supply their needs, he said.
“We think this could create a dynamic that would allow traders to bid on the excess gas we have been assigned for its use in the private sector,” Reyes said. “This would create a situation in which we would benefit by putting that capacity up for auction and by developing a secondary market, and the members of the energy and industrial sectors would also benefit through the availability of natural gas at a cheaper, discounted rate.”