Sempra Energy's Mexican subsidiary Infraestructura Energetica Nova, SAB de CV (IEnova), was awarded a 20-year contract to build a liquid fuels marine terminal in Mexico on the Gulf of Mexico. IEnova expects to invest up to $155 million under the contract with the Veracruz Port Administration. IEnova would build and operate the facility, storing and dispensing liquid fuels, a market it has previewed as ripe for private investment in Mexico. Based on current plans, the terminal would have a 1.4 million bbl capacity for gasoline, diesel and jet fuel to supply central Mexico. IEnova indicated operations could begin in late 2018.