LNG

Mexico-Pacific LNG has signed a third long-term Sales and Purchase Agreement with ExxonMobil’s Asian trading unit for an additional 1.2 million tonnes per annum of LNG from a liquefaction and export venture under development in the Northwest Mexican state of Sonora.

Feb 8 (LNGJ) - Mexico Pacific LNG, the company planning a three-Train export project at Puerto Libertad in the northwest Mexican state of Sonora, said it signed long-term Sales and Purchase Agreements with ExxonMobil LNG Asia Pacific for the sale of a combined 2 million tonnes per annum of cargoes.

   Under the SPAs, the ExxonMobil affiliate will purchase cargoes on a free-on-board (FOB) basis from the first two Trains of Mexico Pacific’s Saguaro Energia LNG project in Sonora over a 20-year term. ExxonMobil also has an option for 1 MTPA from Train 3,” said Mexico Pacific.