Amigo LNG, Gunvor seal 20-year SPA

According to a statement by Singapore-based LNG Alliance on Tuesday, Gunvor Singapore will purchase 0.85 million tonnes per annum (mtpa) of LNG for 20 years from Amigo LNG’s export terminal in Guaymas, Sonora, Mexico.

The deliveries are expected to start upon the launch of commercial operations of Amigo LNG’s first liquefaction train, scheduled for the latter half of 2028.

LNG Alliance said this long-term commitment marks a “major” milestone for Amigo LNG, reinforcing its position as Mexico’s first large-scale LNG export terminal on the west coast of Americas.

The Guaymas-based facility will leverage its strategic location and proximity to the prolific US Permian Basin to deliver “competitive” LNG supplies to customers in Asia and Latin America, it said.

Kalpesh Patel, co-head of LNG trading of Gunvor, said that the trader is “committed to securing long-term LNG supplies to meet the evolving energy needs of our customers worldwide.”

Muthu Chezhian, CEO of LNG Alliance, welcomed Gunvor as “one of our key foundation offtakers.”

SPAs

In April, 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, Shara will purchase 0.6 mtpa of LNG from Amigo LNG’s planned export terminal.

In addition to these two SPAs, Amigo LNG signed a heads of agreement with Malaysia’s E&H Energy in August 2024.

Under this deal, Amigo LNG plans to supply 3.6 mtpa of LNG to E&H for the Malaysian market over 20 years.

In addition to supply deals, LNG Alliance selected Chart Industries to supply its process technology and modular liquefaction solution for the planned Amigo LNG export facility.

Amigo LNG also awarded the engineering, procurement, and construction contract for its marine facilities to Constructora Manzanillo (Comsa Marine).