| 07/18/97 |
| GAS NATURAL LATINOAMERICANA (REPSOL/GAS NATURAL) OBTAINS CONCESSION TO DISTRIBUTE GAS NATURAL
IN TOLUCA (MEXICO)
|
The concession area covers the
geographical area of Toluca and six annexed municipalities: Lerma, Matepec,
Ocoyoacac, San Mateo Atenco, Xonacatlan and Zinancantepec, with a total
population of more than 650,000 inhabitants. During the next five years, the company
plans to increase its customers by approximately 50,000, and investments
foreseen for the same period are 4,400 million pesetas, to be used to construct
necessary infrastructure for transportation and distribution. Upon obtaining this concession, the
company owned by Repsol and Gas Natural has strengthened its position in Latin
America, and specially in Mexico, where Gas Natural Latinoamericana already has
the natural gas distributions for Nuevo Laredo and
Saltillo. |