According to Reuters, Korea Gas Corp. (Kogas) has signed a memorandum of understanding (MoU) with the Government of Yucatan, Mexico, to construct an LNG import terminal and the associated gas pipelines.
Reportedly, the pipelines and terminal will be used to provide natural gas to Southern Mexico.
Reuters claims that Kogas is planning to carry out a feasibility study on the project. It will then look at the results, and decide whether or not it will proceed with the construction of the project.
Reuters also added that the LNG project could cost in the region of US$1 billion to US$1.5 billion.
Edited from various sources by David Rowlands
Read the article online at: https://www.lngindustry.com/regasification/12082016/kogas-and-mexican-state-sign-mou-for-lng-import-terminal-2899/