Cuatrecasas on Mayakan pipeline acquisition by Macquarie
Cuatrecasas, through its Mexico City office, has advised Macquarie Asset Management on the acquisition of a stake in the Mayakan gas pipeline, which includes an alliance with Engie to build the Cuxtal II extension, a new gas pipeline of approximately 700 kilometres, which will run parallel to the current system (approximately 800 kilometres) and will cross the states of Campeche, Chiapas, Tabasco and Yucatán.
This project is being carried out under a 30-year contract with Mexico’s Federal Electricity Commission (CFE), which allows natural gas to be transported to the combined cycle plants that CFE recently built on the Yucatan peninsula (Merida IV and Valladolid).
The natural gas transport project is one of the most important to be built in Mexico to accelerate the energy transition and aims to reduce the carbon footprint by up to 7.4 million tonnes of CO2 equivalent per year. The signing of this strategic alliance between the two organisations will strengthen Mexico’s energy infrastructure and provide the region with secure and affordable energy.
Cuatrecasas’ team was led by partners León López (pictured left), Marco Antonio de la Peña (pictured centre) and Santiago Ferrer (pictured right), and included senior associate Rafael Rodríguez, and associates Fernando Ruiz, Luis Fernando Díaz Simón, Mariana Padilla, Iván Esquivel and Ivana Muñiz, among others.
