A plan by Mexican state-owned Pemex to build a $6-billion natural gas liquefaction plant at Salina Cruz on the country’s Pacific Coast has been met with skepticism by analysts. The aim of the project is to cash in on the wide differentials in natural gas prices between Asia and North America. Speaking at a conference in Houston, Alejandro Martinez, director-general of the Pemex Gas subsidiary, said that the gas would be transported by a planned natural gas pipeline linking Pajaritos on the Gulf of Mexico and Salina Cruz on the Pacific Coast, a distance of some 120 miles. “The aim is to take advantage of our country’s geographical location and the business opportunities offered by the market conditions,” Martinez said last week in a Houston presentation to potential project investors. “The natural gas that we produce in the Gulf of Mexico can be […]