Plans to build new LNG import facilities in Brazil and Mexico are unlikely to come to fruition due to weaker prospects for demand.
South Korean company Kogas intends to conduct feasibility studies on building LNG import facilities in Brazil and Mexico. Kogas signed a memorandum of understanding (MOU) in September with the Brazilian state of Ceará to help develop an LNG terminal. The project envisages transforming an existing FSRU at the port of Pecem into an onshore terminal. The company signed another MOU in August with the Mexican state government of Yucatán to build an LNG terminal and associated gas pipeline infrastructure. Both projects are subject to the outcome of feasibility studies.
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