Sempra Energy’s Mexican subsidiary, Infraestructura Energética Nova (IEnova), has been awarded a 20-year contract by the Topolobampo Port Administration in Mexico for the construction and operation of a marine terminal for the receipt and storage of hydrocarbons, petroleum, petrochemicals and other liquids.
With a projected investment of approximately $150m, the first phase of the new liquid fuels terminal will have a storage capacity of 1 million barrels of fuel, including gasoline and diesel. Operations are expected to commence in the fourth quarter of 2020.
IEnova will be responsible for the full implementation of the project, including obtaining customer contracts, permits, engineering, procurement, construction, financing, operation and maintenance.
“The Topolobampo project will facilitate access to additional international fuel supplies and help meet growing demand in Mexico,” said Joseph Householder, President and Chief Operating Officer of Sempra Energy.
IEnova will be responsible for the development of the liquid fuels terminal project, including financing, obtaining customer contracts and permits, engineering, procurement and construction, as well as maintenance and operations.
Carlos Ruiz Sacristán, Chairman and Chief Executive Officer of IEnova, said that this new terminal will increase Sinaloa’s access to fuel supply sources, contribute to the region’s energy security, and foster competitive prices for the end consumer.
“This project demonstrates IEnova´s commitment to the development of strategic and necessary energy infrastructure in Mexico. It represents our fifth terminal of this kind in the country, and it is part of the strategic plan to diversify our asset portfolio that we have undertaken in the past few years,” he added.
12th July 2018