Govt. to diversify natural gas suppliers.

MEXICO CITY, Feb 14, 2005 (Notimex/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- In light of the increases in the price of natural gas imported from the United States, the Mexican government is looking to supply the domestic demand by diversifying suppliers.Minister of Economy Fernando Canales Clariond said that Mexican authorities would meet Algerian authorities to boost bilateral relations and start negotiations on natural gas and other products.The official, who is traveling with President Vicente Fox in his official tour of Spain, Italy, Morocco and Algeria, said that the Mexican delegation is also reinforcing political and diplomatic relations, as well as cultural and commercial aspects with those nations.Canales said that two thirds of Mexican gas consumption is supplied by domestic production, while 33% is imported from Texas, United States.The official also projected the construction of six regasification plants, each with an investment of US$400 million.

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