Kogas to promote .5 bn LNG project in Mexico


The state-run Korea Gas Corporation (Kogas) is expected to build a liquefied natural gas (LNG) terminal and install gas pipe lines in Mexico that would be worth up to .5 billion in a package deal. 

Kogas said on Thursday that it has signed a memorandum understanding with the state government of Yucatan in southeastern Mexico to build a LNG terminal and gas pipe lines. The LNG terminal will be built in the port city of Progreso in Yucatan, and gas pipe lines will be installed between the terminal to cities such as Merida and Cancun to supply LNG gas. The project is expected to be worth in between billion and .5 billion. 

An unnamed official from state utility company said Kogas will promote the deal in package that includes LNG terminal contraction, gas imports and sales to end consumers such as power stations, industries, and hotels.

The Original Posted By Ko Jae-man/Maeil Business news