Avant Energy Increases Investment in SUPERA System in Mexico

Avant Energy is a Mexican company focused on the development, construction and operation of energy infrastructure for the oil, natural gas, refined products and power sectors, and works on this development with US logistics group Savage Companies and rail operator Kansas City Southern de Mexico as commercial partners.

Luis Farias explained that 260 md will be allocated to increase the operating capacity of the terminals that make up the network, while the rest will concentrate on maintaining a strategic inventory of hydrocarbons. "We estimate that only in Altamira the investment will reach 200 md; while in Queretaro, we will allocate another 60 md," he explained.  "In addition to the investment in fixed assets, working capital is required to buy and inventory the petroleum products, as well as to give credit to customers, this initial capital is around an additional 250 md," Farias ended.

Mexico's Energy Secretary, Pedro Joaquin Coldwell, said that SUPERA will contribute to increase energy security and highlighted the efficiency with which the system will operate: "under the previous model, prior to the energy reform, private investment was limited to modernize and expand infrastructure, which put national energy security at risk, our current inventory level is only three days of sales, well below the world standard that is 30 days," he commented.

About Avant Energy:
Avant Energy is backed by capital from Mexican and international institutional investors, managed by affiliates of Riverstone Holdings LLC, an energy focused private equity firm, which include Riverstone's CKD (RIVERCK15 registered and listed in the Mexican Stock Exchange).

For more information:
www.avant.energy 
www.savageservices.com 
www.riverstonellc.com 
www.kcsouthern.com

SOURCE Avant Energy

Related Links

http://www.avant.energy