OQ Trading (OQT), the Government of Oman’s international energy and commodity trading vehicle, has signed a 15-year LNG sales and purchase agreement (SPA) with Amigo LNG, the Mexican subsidiary of Singapore-based LNG Alliance.
Under the agreement, OQT will purchase 0.6 mill tonnes per annum of LNG on a free on board (FOB) basis, from Amigo LNG's export terminal in Guaymas, Sonora, Mexico.
This long-term supply partnership represents a strategic move by OQT to diversify its LNG sourcing portfolio beyond the Middle East and Asia, while marking a significant milestone in Amigo LNG's global commercialisation strategy, the companies said.
The first LNG deliveries under the agreement are expected to commence in the second quarter of 2028.
"This SPA with Amigo LNG represents a significant step forward in OQT's strategy to develop a global LNG portfolio," said Wail Al Jamali, OQT CEO. "By securing supply from trusted partners, we continue to diversify our LNG sources, strengthen the resilience of our energy supply chain, and reinforce our long-term commitment to providing cleaner, more reliable energy solutions for our customers in the evolving energy landscape."
The West Coast of Mexico provides a direct maritime route to Asia, reducing shipping time and offering flexibility in supply chain operations.
Amigo LNG's facility—designed for a nameplate capacity of 7.8 mill tonnes per annum—is being developed in close collaboration with Mexico’s SEMAR's (Secretaría de la Marina) modernisation plan for the Port of Guaymas and is fully backed by the Government of Sonora.
"We are proud to partner with OQT, a globally respected player in the energy sector," said Muthu Chezhian, LNG Alliance CEO. "This agreement reinforces Amigo LNG's position as a new, reliable energy bridge from Mexico's West Coast to global markets and demonstrates the strength of Mexico's role in shaping the future of sustainable energy transition."
