Mexico Woos Companies on LNG Project

Tuesday, March 28, 2006
Mexico is talking to half a dozen companies ahead of opening tenders next month to build and supply a liquefied natural gas terminal at the Pacific port of Manzanillo. The Federal Electricity Commission will open the tenders in the first half of April, after spending time discussing details of the LNG project with potential bidders. Analysts expect to see interest in the building tender from global LNG players like Chevron, Repsol-YPF, Sempra Energy and Royal Dutch Shell. For a parallel tender to select suppliers of LNG for the $430 million, 500 million cubic feet per day plant, the CFE is talking to companies in gas-rich nations like Australia, Bolivia and Peru. Analysts see Peru's Camisea gas field well placed to win. A third tender, to build a pipeline from the terminal to the national gas pipeline grid, will follow at a later date. The Manzanillo LNG import terminal and regasification plant, to be co-run by the energy ministry, the state-owned CFE and state energy monopoly Pemex, is one of a handful being built in Mexico to end a reliance on costly U.S. natural gas imports. The Manzanillo plant, due to be operational from 2010, will supply various power plants in the western state of Colima. The CFE, which generates a third of its power from natural gas, sees electricity consumption in Mexico growing by an average of 5.2 percent per year between now and 2014. (Source: Reuters)
Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Brent Crude Slips Towards US$102

Brent crude fell towards $102 a barrel on Tuesday on concerns of slowing oil demand growth due to weak economic recoveries in China and Europe, although new unrest

SGS Wet Welding Repairs Approved by DNV GL

DNV GL and Subsea Global Solutions LLC (SGS) say that they have completed an extensive joint research and development program, that will allow permanent repairs

Aker Solutions Update on Company Hive-Off

Aker Solutions informs updated unaudited financial information for the two companies - the new Aker Solutions and Akastor - that will be formed following the split

LNG

Russia's Shipping Major Reports Strong 1H 2014

OAO Sovcomflot (SCF Group), Russia’s largest shipping company and a global leader in seaborne energy transportation and offshore services, has announced its financial

Skangass Granted Permission for LNG Terminal

The Swedish Government (Länsstyrelsen in Dalarnas Län) has granted Skangass permission to build and operate a new Terminal for LNG (Liquefied Natural Gas) within the harbour in Gävle, Sweden.

Policy Uncertainty Threatens to Slow Renewable Energy Momentum

IEA forecast sees renewable power as a cost-competitive option in an increasing number of cases, but facing growing risks to deployment over the medium term. The

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Offshore Oil Pod Propulsion Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1157 sec (9 req/sec)