By OGJ editors
HOUSTON, Feb. 19 -- Madrid-based Repsol-YPF SA is planning to construct a $350 million LNG regasification plant at Port Lázaro Cárdenas, on Mexico's West Coast. One of Mexico's largest industrial ports, the site currently is the only port on the Pacific Coast with access to Mexico's national gas grid.
The plant will have an initial capacity exceeding 4 billion cu m/year and will be upgradeable to 10 billion cu m/year.
The Lázaro Cárdenas Integral Port Administration has made land at the port available to Repsol-YPF for $10.1 million.
The facility is expected to go on stream in 2008.
