Progreso LNG Terminal
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Progreso LNG Terminal is a proposed LNG import terminal in Yucatan, Mexico. There have been no development updates since 2016 and the project is presumed to be shelved.
Contents
Location
Project Details
- Owner: Kogas
- Location: Progreso, Yucatan, Mexico
- Coordinates: 21.28, -89.67 (approximate)
- Capacity:
- Status: Shelved
- Type: Import
- Start Year: Unknown
Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day
Background
Progreso LNG Terminal is a proposed LNG import terminal in Yucatan, Mexico. In 2016, South Korean company, Kogas, signed a memorandum of understanding with the Yucatan state government of Mexico to construct an LNG terminal in the port of Progreso. The project would cost between $1 billion and $1.5 billion. Kogas stated that the imported gas would be used to supply Southern Mexico.[1]
The memorandum of understanding for the terminal to be built in Merida of Yucatan also included gas pipelines. The gas pipelines would connect the terminal to the Cancun cities.[2]. The next step in the process is for Kogas to conduct a feasibility study for the project before it can proceed. Kogas expects the terminal project to be profitable due to the growing demand for natural gas in Mexico. The energy company expects the terminal to be another key piece to its expanding business infrastructure in the region.[3]
There have been no development updates since 2016 and the project is presumed to be shelved.
Articles and resources
References
- ↑ Kogas Plans Mexico LNG import Terminal, LNG World News, August 12, 2016
- ↑ Korea Gas to Build LNG Import terminal and Gas Pipelines in Mexico, Hydrocarbons Technology, accessed September 2016
- ↑ Mexico: Korean Energy Company Will Build LNG Terminal in Yucatan, ALT Fuels Mexcio, accessed September 2017