LNG

March 27 (LNGJ)- Mexico is holding its latest upstream auction of exploration and production licences in areas of the Gulf of Mexico with high natural gas prospects. It is offering 35 blocks under production-sharing contracts in the southern waters of the Gulf. The Mexican authorities have authorized 21 companies to take part in the auction from 14 countries. The blocks are divided into three sectors: the Burgos Basin (blocks 1-14), the Tampico-Misantla and Veracruz Basins (blocks 15-27) and the southeastern basins (blocks 28-35). In addition to the US oil majors and European companies such as Royal Dutch Shell, there are also bidders from companies in Spain, Germany, Argentina, India and Malaysia.