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“Energy is becoming a big opportunity to send a message not just to the energy sector, but also to other sectors, that [you] are welcome here, to everyonewhowantstoinvest,”Romosaid.
Some of the states that are set to benefit most from the plan are Veracruz, Oaxaca and Yucatan in southern and eastern Mexico. All are rela- tively poor regions that the government has said it wants to boost economically.
Lopez Obrador has a history of encouraging
local companies to invest in the oil and gas industry.
When he assumed the presidency in 2018, hevowedtoreduceforeigninvestmentandput more power in the hands of the state-owned oil and gas company Pemex.
Some members of his government have rallied against his state-led approach, though, pushing for more private investment as a means of attracting greater private capital.
Mexico Pacific Ltd awards FEED contract for Puerto Libertad LNG plant
Houston-based Mexico Pacific Ltd (MPL) has awarded Technip USA a contract for work on a proposed LNG plant in Mexico’s Sonora State.
In a statement dated March 9, MPL said that Technip USA, a Houston-based subsidiary of London-headquartered TechnipFMC, would provide front-end engineering design (FEED) services for the project. It did not reveal the value of the deal or when work might begin. But it did say that the contract award was “one of the final milestones” on the road toward launching constructionandcommercialoperations.
MPL has said it wants to establish a gas liq- uefaction plant capable of turning out 12mn tonnes per year (tpy) of LNG in Puerto Liber- tad, a port city in Sonora. The company already owns the 1,100-acre (4.5-square km) site where the facility will be built. It will eventually task its engineering, procurement and construc- tion (EPC) contractor to build the facility using proven equipment sourced from the US-based service provider Baker Hughes.
Douglas Shanda, MPL’s president and CEO, said the signing of the FEED contract served
as evidence of the company’s progress. “With major permits in hand and the FEED award completed, MPL is on track to take FID and establish a world-class North American LNG export facility on the west coast of Mexico,” he said.
“With this unique project, we will address global energy needs while providing substantial cost advantages for our partners,” he said. “We look forward to continuing our momentum as we work toward taking FID in early 2021 and bringingthefacilityintoservicein2024.”
Meanwhile, Josh Loftus, MPL’s chief devel- opment officer, talked up the company’s plans to make the proposed LNG plant into the base of a major new hub for exports of natural gas piped in from the Permian Basin in Texas and New Mexico. “We are excited to take this important step with our partners, as MPL continues on its path to becoming the leading West Coast pro- vider of US LNG,” he said. “We look forward to strengthening our relationships with all current and future global partners as we become a top supplier in the growing LNG market.”
MPL wants to pump Permian Basin gas to the LNG complex (Image: Mexico Pacific Ltd)
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