Competitive gas prices would help Ternium launch projects

Competitive gas prices would help Ternium launch projects

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Latin America-focused steelmaker Ternium said competitive industrial gas prices could help it launch a project it has been studying for years, a media report from Valor said.

Ternium’s vice president, Pedro Teixeira, said projects in Brazil aren’t competitive when compared to countries like Argentina or Mexico.

Holding Techint Group, which owns Ternium, is also a shareholder at Tecpetrol, which has gas fields in Argentina, Bolivia, Colombia, Ecuador, Mexico, Peru and Venezuela.

In Brazil, Ternium could launch gas projects if Brazilian government and local development bank, BNDES, helped fix distortions. Teixeira said Ternium is interested in launching projects that would require high gas volumes at competitive prices.

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