Mexico Plans $4-$5 Billion LNG Hub at Gulf Port
Mexico plans to build a liquefied natural gas (LNG) export hub worth between $4 billion and $5 billion in the Gulf of Mexico that will help serve European demand, President Andres Manuel Lopez Obrador said on Tuesday.The planned LNG facility in the port of Coatzacoalcos, in the eastern state of Veracruz, would transport gas by boat to Europe, Lopez Obrador said."We're about to promote private sector involvement, it's going to be an investment of $4-5 billion this plant," he told a regular news conference.Lopez Obrador had previously floated the idea of an LNG plant in Coatzacoalcos, alongside
Humanitarian Aid: Mexico Sends Fuel Tanker to Cuba
A diesel cargo sent by Mexico's state-run Pemex [was] due to arrive in Cuba's Havana port on Monday, according to Refinitiv Eikon data and sources, after Mexican President Andres Manuel Lopez Obrador promised humanitarian aid to the Communist-run island, [Reuters reported Monday.]The Jose Maria Morelos II, a tanker owned and managed by a Pemex unit, is on its way to the Caribbean island after Mexico's left-leaning government last week announced it would send two humanitarian shipments, including food and diesel, to Cuba.Authorities in Havana have long said that a decades-old U.S. embargo on Cuba has caused widespread hardship on the island, where thousands took to the streets this month in protests.
Mexico Closes Gulf Oil Port as Cold Front Sweeps In
Mexico's Gulf port of Coatzacoalcos in the state of Veracruz was closed on Friday due to 82 kilometer-per-hour winds spurred by a cold front, port authorities said in a Tweet on Friday. Almost all of Mexican oil giant Pemex's crude exports are shipped from the ports of Dos Bocas, Cayo Arcas and Coatzacoalcos, en route to Gulf coast refineries in the U.S. states of Texas and Louisiana. A powerful storm barreled toward Washington, D.C., on Friday, threatening to bury parts of the Middle Atlantic region under as much as 30 inches (76 cm) of snow and bring the nation's capital to a virtual standstill. (Reporting by Anahi Rama; Editing by Simon Gardner)
Rail Ferry Links Mobile With Mexico
International Shipholding Corp. is set to receive a 580-ft. vessel that sails between Mobile and Mexico loaded with 115 rail cars, according to AP. International Shipholding moved its corporate headquarters to Mobile from New Orleans after Hurricane Katrina. The rail ferry shipments began in May with the Bali Sea. A second ship, the Banda Sea, is set to arrive Monday to expand the service. The rail cars at the terminal are filled with products, such as wood, chemicals and metals, bound for the Port of Coatzacoalcos, Veracruz in Mexico.
