Slim's Grupo Carso Inks Deal to Partner with Pemex on Lakach Natural Gas Project
07.08.2024 By Tank Terminals - NEWS

July 08, 2024 [Reuters]- Grupo Carso, the Mexican holding company controlled by the family of Mexican mogul Carlos Slim, said on Friday that it has signed an exploration and extraction services contract with state oil firm Pemex for the stalled Lakach natural gas project.

 

With the contract, Grupo Carso becomes Pemex’s partner to develop the project after its prior partner, U.S. liquefied natural gas company New Fortress Energy, pulled out last year.

Grupo Carso said in a statement that its investment as “service provider” on the Lakach project will be over $1.2 billion, while Pemex will maintain ownership of the field and its gas reserves.

In March, Reuters reported that Pemex and Slim were in talks over control and development of the project in the Gulf of Mexico.

Grupo Carso said in the statement it will build an onshore station to “treat gas and condensates for disposal at sale conditions,” adding that commercial production will start in about two and a half years.

The Lakach field has been hailed as a potential gateway to a new deepwater Mexican gas frontier, and Pemex had for months made finding a new partner for the project a priority.

 

Free Trial: Access 13,300 Tank Terminal and Production Facilities

13,300 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Wood Bags Six-Year Contract on Shell’s Prelude Facility
07.12.2024 - NEWS
July 12, 2024 [Yahoo Finance]- Shell has awarded a six-year contract to engineering company Woo... Read More
Malaysia’s Bintulu LNG Plant to Get First Supplies from Jerun Gas Field
07.12.2024 - NEWS
July 12, 2024 [LNG Prime]- Malaysia’s giant Bintulu LNG plant, operated by Petronas, will soon ... Read More
Rubis Terminal Rebrands as Tepsa, Building on Legacy and Embracing Evolution
07.12.2024 - NEWS
July 12, 2024 [Storage Terminals Magazine]- Rubis Terminal is excited to announce a strategic reb... Read More
Adnoc Awards Abu Dhabi Airport Tank Farm Project
07.11.2024 - NEWS
July 11, 2024 [MEED]- Abu Dhabi National Oil Company (Adnoc) has awarded the main engineering, pr... Read More