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The CFE will pay an extra $ 6.8 billion for the renegotiation of the gas pipelines

The ASF provided this result as part of an analysis undertaken to verify the long-term benefit that the CFE would see with the new contracts.

Last September, President López Obrador announced that the contract changes would entail savings of $ 4.5 billion. ASF confirmed that the company would have a nominal savings of $ 4.342 million during the first 25 years of the contract.

But in the next 10 years, due to the extension of the contract and the payment of a fixed charge, the company will disburse an extra 11.178 million dollars.

“From year 26 to 35, the CFE will pay a fixed charge of 11,178 million dollars, a figure that is 157.4% higher than the savings that it would have up to year 25 of 4,342 million dollars,” says the ASF in the report published on Friday.

“This indicates that at the end of the term of the contracts, it will pay, in nominal terms, an additional $ 6.836 million to those stipulated before the renegotiation of the gas pipelines,” the document reads.

Thus, the negotiation of the contracts awarded during the past six years will represent savings for the first 25 years of the agreement, but not entirely for the next 10 years.

Industry analysts had already warned that the savings announced by the federal government did not take into account the variables of increase in the term of service provision and the capacity that the company will use.

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