Samsung C&T Corp., South Korea's leading trading firm, said Wednesday it has completed the construction of a liquefied natural gas (LNG) facility in Mexico.

The facility in Manzanillo, a port west of Mexico City, can process 3.8 million metric tons of LNG annually, and also has two LNG tankers that each store 150,000 kiloliters.

Samsung C&T Corp. and the state-run Korea Gas Corp. (KOGAS) own 37.5 percent and 25 percent of the project, respectively, with the remaining held by a Japanese firm.

The project was ordered in 2009 by Mexico's Federal Electricity Commission to secure and supply natural gas. Samsung C&T and KOGAS joined the project as investors and operators.

The two South Koran firms have the right to operate the facility over the next 20 years.

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Source: Yonhap News (Mar. 28, 2012)