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    Liquefied natural gas export center ready in Coatzacoalcos


    September 30, 2022 - CE Noticias Financieras

     

      During the morning press conference, President Andrés Manuel López Obrador (AMLO), informed that Mexico plans to build a Liquefied Natural Gas (LNG) export center, worth between four and five billion dollars, which will be located in the Gulf of Mexico

      and will help satisfy European demand.

      According to the Federal Executive, the LNG facility will be located in the Port of Coatzacoalcos in Veracruz, and will transport the natural gas by ship to Europe

      .

      "Now that there is a lack of gas in Europe, we have this possibility," he said at a press conference.

      "This plant will have guaranteed natural gas, we already have the land and we are about to promote the participation of the private initiative", he added.

      López Obrador previously proposed an LNG plant in Coatzacoalcos. The President made these statements after he offered to intensify cooperation with Germany on liquefied gas, in agreement with German President Frank-Walter Steinmeier

      .

      SHCP: There is still room to adjust the 2023 Economic Package

      During

      his appearance before the deputies in San Lazaro, the head of the Ministry of Finance and Public Credit (SHCP), Rogelio Ramirez de la O, pointed out that the estimates and projections used by the authority to prepare the 2023 Economic Package

      are prudent and provide the administration with room to maneuver, in case the necessary adjustments can be made without putting at risk the resources destined to physical and social investment.

      Likewise, the head of the SHCP

      said "We have to adapt to the risks with the availability of adjustments. What we have left for adjustments is very little, but we are willing to use them."

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      The official considered that qualifiers for the 2023 Economic Package such as optimistic or pessimistic

      are out of place when talking about planning or objective things. "We are simply doing it with the best there is of the latest data and trends." "And the best there is, as we are not soothsayers, is what we have in front of us," he emphasized. Gas tank explosion in Cortazar, Guanajuato.

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