Mexico To Build $5bn LNG Plant To Help Europe Get Energy

Note* - All images used are for editorial and illustrative purposes only and may not originate from the original news provider or associated company.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back

Related stories

GSE and NuScale Power Develop Hydrogen Simulator Project

GSE Solutions has developed a simulation model for hydrogen...

US Fuel Cell Generates Power and Hydrogen from Water

Engineers at West Virginia University have developed an advanced...

PowerCell Receives Order for MS-500 Marine Fuel Cell System

Swedish hydrogen fuel cell provider PowerCell has signed a...

PowerCell to Supply Hydrogen Fuel Cells for HyFlex System

PowerCell Group has secured its first commercial order to...

Mexico has revealed plans to invest up to $5 billion in an LNG hub on its Caribbean coast in order to capitalise on Europe’s rising energy demand, according to Mexico Business News. The announcement was made by Andrés Manuel López Obrador, the country’s President, during a press conference last week.

The project, he continued, would be situated in the state of Veracruz’s port of Coatzacoalcos, and it would require an expenditure of between $4 billion and $5 billion.

Germany, which is currently moving quickly to create a network of LNG import hubs to cover the gap left by the termination of Russian gas shipments, is working with the development team to manage the project. López Obrador spoke with German Chancellor Frank-Walter Steinmeier on enhancing bilateral cooperation on the expanding LNG market during their recent state visit.

The North Sea port of Wilhelmshaven is now building a facility, and it is hoped that it will be ready to take LNG shipments before the winter.

Once finished, it will have the capacity to handle 7.5 billion cubic metres of natural gas annually, or roughly 8.5% of Germany’s present needs. In April, López Obrador suggested building an LNG facility in Coatzacoalcos and two more in Salina Cruz, Oaxaca State, and Topolobampo, Sinaloa State.

To advance its LNG goals, Mexico has already reached deals with foreign energy companies.

Sempra Infrastructure, based in California, and the Federal Electricity Commission of Mexico announced an agreement on July 21 to jointly develop the Vista Pacifico LNG project in Topolobampo and an export facility at Salina Cruz.

Latest stories

Related stories

GSE and NuScale Power Develop Hydrogen Simulator Project

GSE Solutions has developed a simulation model for hydrogen...

US Fuel Cell Generates Power and Hydrogen from Water

Engineers at West Virginia University have developed an advanced...

PowerCell Receives Order for MS-500 Marine Fuel Cell System

Swedish hydrogen fuel cell provider PowerCell has signed a...

PowerCell to Supply Hydrogen Fuel Cells for HyFlex System

PowerCell Group has secured its first commercial order to...

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back