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According to a statement by Abu Dhabi-based 2PointZero, IRH will purchase 1 million tonnes per annum (mtpa) of LNG for 20 years from Amigo LNG’s export terminal in Guaymas, Sonora, Mexico.
2PointZero noted that deliveries are expected to begin when the project’s liquefaction train enters commercial operations in the second half of 2028.
The deal provides direct access to Asian markets while bypassing Panama Canal constraints, enhancing delivery efficiency and cost competitiveness, it said.
“This milestone reflects IRH’s continued focus on building resilient, geographically diversified energy supply chains to meet growing global demand,” the statement said.
IRH’s integrated model spans upstream exploration, midstream processing, and downstream distribution, targeting minerals such as copper, cobalt, nickel, manganese, graphite, rare earth metals, tin, tantalum, and tungsten.
Last year, the firm signed a 20-year heads of agreement with Delfin LNG and energy trader Vitol to buy 1 million tonnes per annum from Delfin’s planned floating LNG project in the US.
FID
Amigo LNG said in December last year that it expects to take a final investment decision on its planned LNG export terminal in Mexico in the first quarter of 2026.
The company awarded the engineering, procurement, and construction (EPC) contract to Dubai-based Drydocks World for FLNG barges and FSU conversion in August last year.
Under the EPC contract, Drydocks World will carry out the conversion of floating storage units (FSU) to support LNG export operations, alongside the construction of newbuild FLNG barges incorporating US-based pre-treatment and liquefaction technologies.
As per supply contracts, LNG Alliance previously announced that Amigo LNG signed a long-term sale and purchase agreement (SPA) with Macquarie Group.
Under the agreement, Amigo LNG will deliver 0.6 mtpa of LNG to Macquarie’s Commodities and Global Markets business over a 15-year term.
LNG supplies are expected to commence with the start-up of Amigo LNG’s first liquefaction train.
Amigo LNG also signed a 20-year SPA with a unit of Geneva-based trader Gunvor to supply the latter with liquefied natural gas from its planned LNG export plant in Mexico.
Gunvor Singapore will purchase 0.85 mtpa of LNG for 20 years from Amigo LNG’s export terminal in Guaymas.
In April last year, Amigo LNG signed a 15-year sales and purchase agreement with Oman’s state-owned firm OQ Trading to supply the latter with LNG.
OQ Trading will purchase 0.6 mtpa of LNG on a FOB basis from Amigo LNG’s export terminal.
Amigo LNG also signed a 20-year sales and purchase agreement with Sahara Group.
Under this deal, Sahara will purchase 0.6 mtpa of LNG from Amigo LNG’s planned export terminal.
