US Gas Terminal Wins Mexican Maritime Space Amid Environmental Concerns
A US gas terminal project in the Gulf of California has been granted 36 hectares of maritime space despite environmental concerns and an injunction against construction.
The Amigo LNG project, backed by Texas-based Epcilon LNG, was awarded the contract through a direct agreement with the National Port System Administration of Guaymas without a public bidding process.
The agreement grants use and exploitation of the area for 18 years, with an option to extend it for another 18 years. The company must pay 12 percent of the area's value annually plus a fee per ton of liquefied gas processed or moved.
The project aims to transport natural gas from Texas through cross-border pipelines and export it to Asia, with an initial investment of $6.8 billion.