Samsung C&T completes LNG facility in Mexico

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Samsung C&T completes LNG facility in Mexico

Samsung C&T, Korea’s leading trading firm, said yesterday it has completed the construction of a liquefied natural gas facility in Mexico.

The facility in Manzanillo, a port west of Mexico City, can process 3.8 million metric tons of LNG annually, and also has two LNG tankers that each store 150,000 kiloliters.

Samsung C&T and the state-run Korea Gas own 37.5 percent and 25 percent of the project, respectively, with the remaining held by a Japanese firm.

The project was ordered in 2009 by Mexico’s Federal Electricity Commission to secure and supply natural gas. Samsung C&T and Kogas joined the project as investors and operators.

The two Korean firms have the right to operate the facility over the next 20 years.

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