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.
Petróleos Mexicanos (Pemex), the Mexican oil and gas company, is currently struggling to emerge from the economic slowdown amid widening losses at a time when several LNG export projects are moving forward in the country.
Petróleos Mexicanos (Pemex), the Mexican oil and gas company, is currently struggling to emerge from the economic slowdown amid widening losses and tumbling revenues at a time when several LNG export projects are moving forward in the country.
US pipeline natural gas supplies for Mexico have been approved by regulators to provide feed-gas for the US company Mexico Pacific Ltd to export LNG to Asia and other regions from a liquefaction plant proposed for the Mexican state of Sonora.
Mexico Pacific Ltd, the developer of a liquefied natural gas export project in the state of Sonora on the Mexican Pacific Coast and backed by a US equity fund, has awarded a preliminary engineering contract to TechnipFMC.