Mexican national oil and gas company Pemex received only one bid for 's US$ 2billion Los Ramones phase II natural gas pipeline.

A consortium led by Spain's Enagás was the only firm to submit a bid. Two other bidders attended the event and delivered letters confirming their exit from tender process: Sempra unit IEnova and Transcanada's local unit.

The tender, touted as the country's largest energy tender in decades and the "backbone" of the natural gas transportation system in Mexico, represents a disappointment for the Mexican government. Ninety five (95) groups had expressed interest in the round but finally did not submit bids for the asset.

It's of interest the lack of infrastructure funds in the final round of bids. Infra funds have invested heavily in gas assets in the last years.

In Auguts, Enagás won the tender process run by the Mexican Federal Electricity Committee to provide the natural gas compression service of the Soto La Marina Compression Station.

Pemex will evaluate Enagás' proposal and will award the contract or declare the process void on October 15th.

The pipeline will stretch 740 km from Los Ramones in Nuevo León state south to connection points in Guanajuato, San Luis Potosí, and Querétaro states. The contract includes the construction and 25-year natural gas supply contract.

Source: Pemex