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Billion-dollar gas terminal would serve southern Mexico

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KOGAS’ Incheon, Korea, liquified natural gas receiving terminal. Photo: KOGAS

Korea Gas Corp. signed a memorandum of understanding with state officials in Yucatán to build a liquified natural gas import terminal and gas pipelines.

The company, also known as KOGAS, announced in a press release that it will construct the terminal and pipelines to supply natural gas to the southern part of Mexico.

A feasibility study will be completed before deciding whether to proceed with the project.

The project is estimated to cost between US$1 billion and US$1.5 billion.

KOGAS was established in 1983 by the South Korean government and is the largest liquified natural gas-importing company in the world.

Source: Reuters

 

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