Alejandro Martinez Sibaja, head of Pemex’s gas and basic petrochemicals unit, told energy sector investors, operators and developers in Houston on Wednesday that Petróleos Mexicanos (Pemex) plans to build a gas liquefaction plant on the Pacific coast, a project that will require an investment outlay of $6 billion and be the country’s first.
Martinez Sibaja said the facility is the second phase of the Transoceanic Belt project that will link the Pajaritos port complex in the state of Veracruz with the Salina Cruz refinery in the state of Oaxaca.
He said that Pemex’s goal is to transport natural gas from the Gulf of México over the Isthmus of Tehuantepec to the liquefaction facility for processing and export to Asia and Oceania.
The technical, financial and infrastructure studies will be carried out starting this month to determine the ideal location for the plant, to be built near Salina Cruz, Pemex said in a statement, adding that operations are expected to begin in 2020.
Martinez Sibaja told the attendees that Pemex is looking for strategic partners for both the operations and financing of the gas liquefaction plant.
(from Latin American Herald Tribune)
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