Marathon receives CRE permit for Tijuana LNG import terminal
Friday, May 9 2003 - 06:05 AM WIB
?Marathon's permit submission is the first of its kind accepted and approved by the Mexican government. This gas storage permit gives Marathon and its partners the necessary federal approval to offload LNG, and to regasify LNG at the proposed complex to supply clean-burning natural gas to regional market,? said John Hattenberger, senior vice president, Marathon International Petroleum, Ltd.
"The CRE permit approval is an important milestone in the development of the Tijuana Regional Energy Center, which will provide clean, efficient energy and approximately 20-million gallons of fresh water to the region on a daily basis.?
Tijuana Regional Energy Center is an integrated complex that will consist of an LNG offloading terminal and a 750 million cubic feet per day regasification plant, a 1,200-megawatt power generation plant to supply regional electricity needs, a 20-million gallon per day seawater desalination plant, and related natural gas pipeline infrastructure.
LNG for the Baja Project would be supplied from various sources around the world with a significant portion coming from the Asia-Pacific region. Pertamina, the state-owned oil company of Indonesia and world's largest exporter of LNG, is expected to be a key supplier for the Project.
Currently, the Marathon-led consortium is proceeding with additional regulatory reviews and permits as required by federal and local authorities in Mexico. Assuming regulatory approvals and execution of successful commercial and financing plans, construction of the Tijuana Regional Energy Center would begin in late 2003, with start up expected in 2006, said the company.(robert)