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SEOUL, Aug 11 (Reuters) - Korea Gas Corp (KOGAS) said on Thursday it signed a memorandum of understanding (MOU) with the Mexican state government of Yucatan to build a liquefied natural gas (LNG) import terminal and gas pipelines.
KOGAS, the world's largest LNG importer, said in a statement it will construct the terminal and pipelines to supply natural gas to the southern part of Mexico.
KOGAS intends to conduct a feasibility study and evaluate the results before deciding whether to proceed with the LNG infrastructure project that could cost between $1 billion and $1.5 billion. (Reporting By Jane Chung; Editing by Christian Schmollinger)