Sempra Energy's subsidiary has been given a contract to build and operate a receipt, storage and send-out liquid fuels marine terminal on the Mexican Gulf Coast.
Infraestructura Energética Nova (IEnova) was awarded the 20-year contract by Veracruz Port Administration in Mexico for the new terminal, which will have a capacity of 1.4 million barrels of petrol, diesel and jet fuel to supply the central region of Mexico. Operations are expected to start in the second half of 2018 at the $155 million facility.
IEnova will be responsible for the development of the liquid fuels terminal project, including obtaining permits, engineering, procurement, construction and financing as well as maintenance and operations.
Joseph Householder, corporate group president of infrastructure businesses for Semptra Energy, says: 'This project represents an exciting new market entry for IEnova in Mexico. IEnova continues to position itself strategically to help develop Mexico's energy infrastructure.'
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