Russia plans to export LNG to Mexico by 2007: Putin

Hong Kong (Platts)--8Jun2004

Russia plans to begin supplying liquefied natural gas to Mexico in 2007 and to
generally help Mexico establish its gas industry, Russian President Vladimir
Putin said at a joint news conference with President Vicente Fox. 

"There are plans to launch in 2007 a large enterprise in the Far East which
will liquefy natural gas. There are talks already under way on LNG supplies to
the US and Mexico," Putin was quoted by the Russian news agency Itar-Tass.

Fox, in turn, stressed that Mexico would like to get Russian help in building
gas-processing plants. Russia could begin LNG supplies to Mexico from the
Sakhalin-2 project, Gennadiy Shmal, president of the Russian union of oil and
gas industrialists said. The "design capacity of a LNG plant which is under
construction in Sakhalin is 10-bil cu m, while the total volume of supplies on
long-term contracts does not currently exceed 40% of that figure," Shmal said.
"The Mexicans, who are now importing 30% of all the gas which they consume
from the US, are very interested in this project," he added.

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