Mexico Plans LNG Hub at Gulf Port

To help serve European demand, Mexico is planning to build a  liquefied natural gas (LNG) hub worth $4-$5 billion, according to President Andres Manuel Lopez Obrador. The President announced the plans at a regular press conference last week.

The hub will be located at the port of Coatzacoalcos in the Gulf of Mexico. The planned port would transport LNG to Europe via boat.

At present, Mexico does not commercially export LNG, though it is a top exporter of crude oil.