Infraestructura Energética Nova, S.A.B. de C.V. (IEnova), the Mexican subsidiary of Sempra Energy, has secured a contract to build and operate the new liquid fuels terminal on the Mexican Gulf Coast.
The 20-year contract has been awarded by Veracruz Port Administration.
Under the contract, IEnova will be responsible for the development of the liquid fuels terminal project, including obtaining permits, engineering, procurement, construction and financing, as well as maintenance and operations.
The new liquid fuels terminal, which will involve an investment of about $155m, will have a capacity of 1.4 million barrels of gasoline, diesel and jet fuel to supply the central region of Mexico.
The project is expected to create about 500 direct jobs and up to 2,000 indirect jobs during construction. The terminal is anticipated to begin operations in the second half of 2018.
Joseph Householder, corporate group president of infrastructure businesses for Sempra Energy, said: "This project represents an exciting new market entry for IEnova in Mexico.
"IEnova continues to position itself strategically to help develop Mexico's energy infrastructure."