Tuesday, January 14, 2025

Construction of Baja natural gas plant to begin in August

The government of Baja California Sur has announced that the construction of a US $192-million liquefied natural gas (LNG) terminal will begin in August at the port of Pichilingue, La Paz.

To be operated by New Fortress Energy, a United States developer and operator of LNG energy projects, the plant should be ready to receive its first shipment of fuel in July 2020, said Governor Carlos Mendoza Davis.

He described LNG as a cheaper and cleaner alternative for electric power generation, and (the new LNG facility) should have important repercussions in the state.”

Boats, trucks, taxis and all kinds of vehicles can be converted to burn the fuel, along with the Federal Electricity Commission’s generation plants, the governor said.

New Fortress Energy CEO Wesley Edens explained that LNG transportation is among the safest in the world, and that the fuel should become a catalyst for the state’s economic growth.

Source: Milenio (sp)

Former Presidents Vicente Fox and Felipe Calderón

Venezuela distributes ‘wanted’ posters for Mexican ex-presidents

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Vicente Fox and Felipe Calderón will be prosecuted as a “foreign force attempting to invade” if they try to enter Venezuela, the Venezuelan legislature declared.
Peso exchange rate graphs

Peso suffers 4-day slide to close at 20.72 to the US dollar

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According to experts, a USD:MXN exchange rate above 21 is a likely scenario in the near term due to Trump's impending return to the presidency.
Speaking at an event on Friday in Mexico City, Mexico's economy minister said, "I guarantee you we're going to find [a way around]" Trump's tariffs.

Economy minister: Trump tariff plan is unviable

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"You can't have low inflation and sustained economic growth in the U.S. if ... you're rolling out strong protectionist policies against Mexico and China," Marcelo Ebrard said.