December 17, 2015 [OPIS] - A new liquefied petroleum gas (LPG) terminal in the state of San Luis Potosi is just one of many projects that Mexico's Pemex is planning as a way to boost the country's LPG storage capacity, an industry representative told Mexican press outlets recently.
Octavio Perez, president of the Mexican Association of Liquefied Gas Distributors and Associated Firms (Amexgas), said that with Mexico’s current LPG storage capacity translating to about three days’ worth of supply, billions of dollars will need to be invested in the construction of new terminals.
Perez said one big motivation for Pemex to invest in LPG storage capacity in conjunction with industry groups is that, with the current limited capacity, it’s not possible to purchase LPG at cheaper prices in the summer months and then sell it in the winter months.
San Luis Potosi is located in north central Mexico and is bordered by nine other Mexican states, making it the state with the highest number of neighboring states.
