LNG

The Mexican state-run fuel distribution company CFEnergía is seeking expressions of interest from companies to build and operate a floating liquefied natural gas export facility at the Pacific port of Salina Cruz and an affiliated gas pipeline.

The cancellation of LNG cargoes from Gulf Coast export plants amid over-supply and a price collapse is set to be offset by an increase in pipeline exports to Mexico, the largest component of US natural gas trade and a key take-away portion of still high production levels.