By Stefanie Eschenbacher and Ana Isabel Martinez MEXICO CITY (Reuters) - Mexican state energy company Pemex and U.S. liquefied natural gas (LNG) compa.
By Stefanie Eschenbacher and Ana Isabel Martinez MEXICO CITY (Reuters) - Mexican state energy company Pemex and U.S. liquefied natural gas (LNG) compa.
Mexican state energy company Pemex and U.S. liquefied natural gas company New Fortress Energy have terminated a deal to develop potentially the country s first deepwater natural gas project that. -November 07, 2023 at 01:03 pm EST
- MarketScreener
Mexican state energy company Pemex and U.S. liquefied natural gas (LNG) company New Fortress Energy have terminated a deal to develop potentially the country's first deepwater natural gas project that was signed a year ago, two sources with direct knowledge of the matter said. Now Pemex wants to continue with the development of the Lakach gas field in the Gulf of Mexico and is in talks with other companies, the two sources said, without naming the companies. The Lakach field, some 90 kilometers (56 miles) from the Gulf port of Veracruz, holds an estimated 900 billion cubic feet of natural gas, but rising costs and disagreements over how to develop it have impeded the venture.