Mexico Pacific seals LNG SPAs with ExxonMobil

A unit of US energy giant ExxonMobil has signed two long-term deals to buy liquefied natural gas from Mexico Pacific, the developer of the planned 14.1 mtpa Sonora LNG export project.

Under the SPAs, ExxonMobil LNG Asia Pacific will purchase a combined 2 million tonnes per year of LNG on a free-on-board basis from the first two trains of Mexico Pacific’s anchor LNG export facility, Saguaro Energia LNG, located in Puerto Libertad, Sonora.

The deals are for a 20-year term and ExxonMobil also has an option for 1 million tonnes per year of LNG from the third train, according to a statement by Mexico Pacific.

FID on first two trains

Mexico Pacific’s anchor project includes three 4.7 mtpa liquefaction trains.

Prior to these SPAs, Mexico Pacific signed a deal with a unit of Shell. It also signed a contract with China’s Guangzhou Development Group.

Mexico Pacific, controlled by Quantum Energy Partners, plans to build the LNG export facility in phases sourcing natural gas from the Permian gas basin in the US.

“We have reached a critical point on contract volumes required for FID on our first two trains and will now shift focus to close contracting on the significant commercial momentum in place for a subsequent Train 3 FID,” Ivan Van der Walt, CEO of Mexico Pacific, said in the statement.

“As we position for FID on the first two trains, we will also commence advanced engineering with Bechtel,” he said.

Most Popular

Venture Global reveals LNG fleet details

US LNG exporter Venture Global LNG has revealed more details regarding its fleet of nine owned and three chartered liquefied natural gas carriers.

NFE working on two more FSRU charter deals

US LNG player New Fortress Energy is in advanced talks to charter two more floating and regasification units, according to its management.

CEO: Venture Global to sign multiple 20-year LNG contracts in coming quarters

US LNG exporter Venture Global LNG expects to sign and report on multiple 20-year LNG supply contracts in the incoming quarters, according to CEO Mike Sabel.

More News Like This

ExxonMobil CEO expects Golden Pass LNG launch by end of this year

ExxonMobil CEO Darren Woods expects the QatarEnergy-led Golden Pass LNG export project in Texas to produce first LNG volumes by the end of this year. Separately, Golden Pass LNG is also seeking approval from the US FERC to increase peak workforce up to 10,300.

Golden Pass LNG moving forward with commissioning activities

Golden Pass LNG, a joint venture of QatarEnergy and ExxonMobil, is moving forward with the commissioning work at its giant LNG export facility in Texas with new approval from the US FERC.

Woodside names Sarah Bairstow as Louisiana LNG head

Australian LNG player Woodside has appointed Sarah Bairstow to lead its Louisiana LNG project.

H-Line Shipping, ExxonMobil name LNG carrier duo in South Korea

South Korea's H-Line Shipping and US energy giant ExxonMobil recently named two newbuild liquefied natural gas (LNG) carriers in South Korea.