Mexico Pacific appoints financial advisor as it looks towards LNG FID

Mexico Pacific said Thursday it has engaged Mitsubishi UFJ Financial Group as a financial advisor as it moves towards a final investment decision on its LNG export project.

The Japanese group is one of the largest financial institutions in the world.

Mexico Pacific believes that this move would largely help the developer in advancing its Pacific Coast LNG export project.

Chief executive Douglas Shanda said MUFG’s appointment represents “another important milestone in Mexico Pacific’s aggressive advancement to FID.”

Mexico Pacific, owned by US investment firm AVAIO Capital, is planning to build a 12 mtpa LNG export facility.

The plant would be located in Puerto Libertad, Sonora on Mexico’s west coast and would connect the Permian gas basin in the United States to the Asian markets.

The company recently awarded a front end engineering design contract for the LNG export project to Technip USA.

- Advertisements -

Most Popular

Hyundai Samho to build LNG carrier quartet for $1.08 billion

South Korea's Hyundai Samho has secured an order to build four liquefied natural gas (LNG) carriers for about $1.08...

QatarEnergy to further boost LNG output

State-owned LNG giant QatarEnergy said on Sunday it will further boost its liquefied natural gas production from the North...

Tellurian reports $166.2 million net loss in 2023

US LNG firm Tellurian reported a net loss of $166.2 million in 2023, as it continues to work on...

More News Like This

Mexico Pacific seals third LNG SPA with ExxonMobil

Mexico Pacific, the developer of the planned $14 billion Saguaro Energia LNG export project, has signed an additional long-term...

Mexico Pacific pens 20-year LNG supply deal with Woodside

Mexico Pacific, the developer of the planned $14 billion Saguaro Energia LNG export project, has signed a long-term deal...

Mexico Pacific awards Saguaro LNG pipeline contract

Mexico Pacific, the developer of the planned $14 billion Saguaro Energia LNG export project, has awarded the engineering, procurement,...

Mexico Pacific seals LNG supply deal with ConocoPhillips

Mexico Pacific, the developer of the planned $14 billion Saguaro Energia LNG export project, has signed a long-term deal...