Korea Gas Corporation has signed a memorandum of understanding with the government of Mexico's Yucatan state for the construction of an LNG import terminal and associated pipeline infrastructure, according to a statement from the company.
The MOU was signed August 9 by Kogas' president and the governor of the state.
The proposed site for the project is the city of Progreso, located on the Gulf of Mexico and north of the state capital, Merida.
Kogas intends to conduct a feasibility study looking into demand for gas in the region before making a decision to move forward with the project.
