Equipment Failure Leads to Gas Shortage at Pemex

MarketWatch reported that Petroleos Mexicanos (Pemex) announced a 24-hour alert that limits industry access to fuel after an equipment failure caused a critical natural gas shortage in its pipeline system.

As quoted in the market news:

The alert was another in a series of natural-gas alerts that has sparked complaints from industries that rely on the gas for their operations.

Pemex said in a statement that an electrical discharge during heavy rains in the Gulf Coast state of Veracruz forced the shutdown of a natural gas supply station, which reduced pipeline pressure in the oil company’s central and eastern regions.

When critical alerts are announced, industry and distributors must halt or limit their use of natural gas since falling pressure can cause damage to the pipelines. Pemex said the critical alert applied just to the central and eastern parts of the country.

Click here to read the full MarketWatch report.