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Garrigues México assist Enagas on Mexican Law aspects on the project finance with Fermaca

05/06/2015

Assistance to Enagas on Mexican Law aspects on the project finance with Fermaca, regarding the Soto La Marina Compression Station, to provide the natural gas compression service through the construction, operation and maintenance of such station.

This operation is very significant mainly for two reasons: (i) it represents a pioneering operation of its kind, as it is a project finance operation where the funding was granted by Enagas Spain acting as a bank, and not by a bank as it is the common practice being Enagas Mexico together with Fermaca the project sponsors; and, (ii) Soto La Marina Compression Station is part of Enagas’ strategy to seek international expansion through investment in “core business” activities with the involvement of local partners experienced in the practice.

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