KOGAS may build LNG import terminal for Mexico's Yucatan
8/15/2016
KOGAS' Incheon LNG receiving terminal. Photo courtesy of KOGAS.
(Reuters) Korea Gas Corp. signed a memorandum of understanding with the Mexican state government of Yucatan to build an LNG import terminal and gas pipelines.
KOGAS said in a statement it will construct the terminal and pipelines to supply natural gas to the southern part of Mexico.
KOGAS intends to conduct a feasibility study and evaluate the results before deciding whether to proceed with the LNG infrastructure project that could cost between $1 B and $1.5 B.
Reporting By Jane Chung; Editing by Christian Schmollinger
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