Wednesday, 08 February 2023 08:05

Mexico LNG deal

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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.

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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.

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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.

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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.

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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.

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