Coatzacoalcos II LNG Terminal
| Part of the Global Gas Infrastructure Tracker, a Global Energy Monitor project. |
Coatzacoalcos II LNG Terminal, also known as Terminal de GNL Coatzacoalcos II, is a proposed LNG export terminal in Mexico.
Location
Table 1: Location details
| Name | Location | Coordinates (WGS 84) |
|---|---|---|
| Coatzacoalcos II LNG Terminal | Port of Coatzacoalcos, Veracruz, Mexico[1] | 18.135366, -94.400235 (approximate) |
The map below shows the approximate location of the terminal:
Project Details
Table 2: Infrastructure details
| Name | Facility type | Status | Capacity | Total terminal capacity | Offshore | Associated infrastructure |
|---|---|---|---|---|---|---|
| Coatzacoalcos II LNG Terminal | export[2] | proposed[3] | –[3] | – | False | – |
Table 3: Cost
| Name | Facility type | Cost | Total known terminal costs |
|---|---|---|---|
| Coatzacoalcos II LNG Terminal | export[2] | US$450,000,000[4][5] | US$450,000,000 |
Table 4: Financing
| Name | Facility type | Financing |
|---|---|---|
| Coatzacoalcos II LNG Terminal | export[2] | Bancomext (Banco Nacional de Comercio Exterior)[4][5] |
Table 5: Project timeline
| Name | Facility type | Status | Proposal year | FID year | Construction year | Operating year | Inactive year |
|---|---|---|---|---|---|---|---|
| Coatzacoalcos II LNG Terminal | export[2] | proposed[3] | 2025[3] | – | – | – | – |
Ownership
Table 6: Ownership
| Name | Facility type | Status | Owners | Parent companies | Operator |
|---|---|---|---|---|---|
| Coatzacoalcos II LNG Terminal | export[2] | proposed[3] | Casarve Servicios SRL [50%]; Comercializadora Aqualita SA [50%][3][3] | Casarve Servicios SRL [50.0%]; Comercializadora Aqualita SA [50.0%] | Ursus Aqualita LNG[3] |
Background
In January 2025, Veracruz-based Comercializadora Aqualita, S.A. and Querétaro-based Casarve Servicios, S.R.L. announced the formation of a joint venture known as Ursus Aqualita LNG, with the intention to develop a small-scale LNG export terminal at the port of Coatzacoalcos in Veracruz state.[6][7]
Early announcements indicated that the new Coatzacoalcos II terminal would export LNG to both European and South American markets.[7][8] The Ursus Aqualita LNG website stated that the terminal's eventual capacity would be 46 mcf/day, split into three separate phases of 9, 20 and 17 mcf/day.[6]
The Coatzacoalcos II terminal would be developed as a private project, entirely separate from the Coatzacoalcos LNG terminal proposed in 2022 by Mexican president Andrés Manuel López Obrador and promoted by CFE, Mexico's federal electricity commission.[7][9]
In June 2025, the Mexican government approved a land concession for the Coatzacoalcos II terminal within Coatzacoalcos II PODEBI, a special economic zone at the Port of Coatzacoalcos specifically designated to host petrochemical plants, logistics centers, energy terminals and other industrial port infrastructure.[10][8] Company representatives confirmed that Ursus Aqualita LNG had secured financial backing from Bancomext (Banco Nacional de Comercio Exterior), Mexico's state development bank for foreign trade.[10][8] Under the terms of the agreement, Bancomext would provide up to US$450 million to support the project's initial phase of investment, including the costs of engaging global technology, engineering, procurement and construction companies to develop the project.[10][8]
Articles and Resources
Additional data
To access additional data, including an interactive map of LNG terminals, a downloadable dataset, and summary data, please visit the Global Gas Infrastructure Tracker on the Global Energy Monitor website.
References
- ↑ https://naturalgasintel.com/news/mexican-developers-advancing-another-lng-project-aimed-at-european-market/.
{{cite web}}: Missing or empty|title=(help) - ↑ 2.0 2.1 2.2 2.3 2.4 https://naturalgasintel.com/news/mexican-firms-tout-coatzacoalcos-lng-project-targeting-european-market/.
{{cite web}}: Missing or empty|title=(help) - ↑ 3.0 3.1 3.2 3.3 3.4 3.5 3.6 3.7 https://ualng.com/.
{{cite web}}: Missing or empty|title=(help) - ↑ 4.0 4.1 https://naturalgasintel.com/news/mexico-grants-land-concession-to-coatzacoalcos-lng-terminal-anchored-in-isthmus/.
{{cite web}}: Missing or empty|title=(help) - ↑ 5.0 5.1 https://energiaadebate.com/anuncia-ursus-energy-proyecto-de-gnl-en-coatzacoalcos/.
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