Coatzacoalcos II LNG Terminal
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Coatzacoalcos II LNG Terminal is a proposed liquefied natural gas (LNG) export terminal in Mexico. Note that this is a distinct project from the separate Coatzacoalcos LNG Terminal proposed by the Mexican government in 2022.
Location
The terminal is proposed to be located in the port of Coatzacoalcos, Veracruz, Mexico.
Project details
- Operator: Ursus Aqualita LNG[1][2]
- Owner: Comercializadora Aqualita, S.A., Casarve Servicios, S.R.L.[1][2]
- Parent company: Comercializadora Aqualita, S.A., Casarve Servicios, S.R.L.[1][2]
- Location: Port of Coatzacoalcos, Veracruz, Mexico[3]
- Coordinates: 18.135366, -94.400235 (approximate)[3]
- Capacity: 46,000 cubic feet per day[1]
- Status: Proposed[1][2]
- Type: Export[4]
- Start year:
- Cost: US$450 million[4][5]
- Financing: Bancomext (Banco Nacional de Comercio Exterior)[4][5]
- FID status: Pre-FID
- Associated infrastructure: Southeast Gateway Gas Pipeline[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.[1][2]
Early announcements indicated that the new Coatzacoalcos II terminal would export LNG to both European and South American markets.[2][5] 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.[1]
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.[2][3]
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.[4][5] 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.[4][5] 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.[4][5]
Articles and resources
References
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 "Ursus-Aqualita LNG Partnership". Ursus-Aqualita LNG (in español). Retrieved 2025-09-05.
{{cite web}}: CS1 maint: url-status (link) - ↑ 2.0 2.1 2.2 2.3 2.4 2.5 2.6 "Mexican Firms Tout Coatzacoalcos LNG Project Targeting European Market". NGI (Natural Gas Intelligence). 2025-01-06.
{{cite web}}: CS1 maint: url-status (link) - ↑ 3.0 3.1 3.2 3.3 "Mexican Developers Advancing Another LNG Project Aimed at European Marke". NGI (Natural Gas Intelligence). 2025-01-13.
{{cite web}}: CS1 maint: url-status (link) - ↑ 4.0 4.1 4.2 4.3 4.4 4.5 "Mexico Grants Land Concession to Coatzacoalcos LNG Terminal Anchored in Isthmus". NGI (Natural Gas Intelligence). 2025-06-25.
{{cite web}}: CS1 maint: url-status (link) - ↑ 5.0 5.1 5.2 5.3 5.4 5.5 "Anuncia URSUS Energy proyecto de GNL en Coatzacoalcos". Energía A Debate. 2025-06-23.
{{cite web}}: CS1 maint: url-status (link)
