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Pemex to develop LNG export terminal

LNG Industry,

Mexico’s state-owned energy company, Pemex, has announced plans to develop a liquefied natural gas export terminal on the Pacific coast of Oaxaca.

The terminal will require an investment of US$ 6 billion, and will be the first of its kind in Mexico.

Director General of Pemex Gas and Basic Petrochemicals, Sibaja Alejandro Martinez, explained that this project is the second phase of Transoceanic belt linking the maritime terminal at Pajaritos, Veracruz, with the refinery in Salina Cruz, Oaxaca.

Addressing investors, operators and developers, Pemex said in a statement that the aim of the project is to leverage Mexico’s geographic location, as well as business opportunities offered by the market conditions, for the transport of LNG produced in the Gulf of Mexico to markets in Asia and Oceania.

The start of operation of the project is estimated for 2020. Commencig in November 2014, a number of technical, economic and infrastructure studies will be conducted to determine the ideal location, near Salina Cruz, for the construction of such liquefaction facilities.

Sibaja Martinez added that Pemex will establish alliances with strategic project partners to provide operational excellence and financial capital.

Adapted from press release by Katie Woodward

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