Coatzacoalcos Podebis LNG Terminal

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Coatzacoalcos Podebis LNG Terminal, also known as Coatzacoalcos II LNG Terminal or 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	18.135366, -94.400235 (approximate)

The map below shows the approximate location of the terminal:

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Project Details

Table 2: Infrastructure details

mtpa = million tonnes per year

Name	Facility type	Status	Capacity	Total terminal capacity	Offshore	Associated infrastructure
Coatzacoalcos II LNG Terminal	export	proposed	–	–	False	–

Table 3: Cost

Name	Facility type	Cost	Total known terminal costs
Coatzacoalcos II LNG Terminal	export	US$450,000,000	US$450,000,000

Table 4: Financing

Name	Facility type	Financing
Coatzacoalcos II LNG Terminal	export	Bancomext (Banco Nacional de Comercio Exterior)

Table 5: Project timeline

FID = Final Investment Decision, used by some developers to indicate a project will move forward

Name	Facility type	Status	Proposal year	FID year	Construction year	Operating year	Inactive year
Coatzacoalcos II LNG Terminal	export	proposed	2025	–	–	–	–

Ownership

Table 6: Ownership

Name	Facility type	Status	Owners	Parent companies	Operator
Coatzacoalcos II LNG Terminal	export	proposed	Casarve Servicios SRL [50%]; Comercializadora Aqualita SA [50%]	Casarve Servicios SRL [50.0%]; Comercializadora Aqualita SA [50.0%]	Ursus Aqualita LNG

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.

Early announcements indicated that the new Coatzacoalcos II terminal would export LNG to both European and South American markets. 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.

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.

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. 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. 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.

As of mid-2026, project engineering work was reportedly underway at the Coatzacoalcos Podebis LNG Terminal, with start-up targeted for late 2029. URSUS Energy and Samsung E&A had formally announced US$2.1 billion in planned investment, and URSUS's management stated the project was advancing "on firm footing" toward a final investment decision (FID). Plans called for the project to make use of nitrogen-contaminated associated gas that Pemex currently vents or flares.

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.