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.

Most Popular

Yang Ming books LNG-powered containerships in South Korea

Taiwan’s Yang Ming Marine Transport has decided to order LNG dual-fuel container vessels from South Korea's Hanwha Ocean as part of its ongoing fleet optimization plan.

Sabah to take stake in Petronas’ third FLNG

SMJ Energy, owned by the Sabah government, has signed a heads of agreement with Malaysian energy giant Petronas to take a 25 percent stake in the latter's third floating LNG production unit.

Japan’s LNG imports drop in June

Japan’s liquefied natural gas (LNG) imports dropped by 2.8 percent in June compared to the same month last year, according to provisional data released by the country’s Ministry of Finance.

More News Like This

Mexico Pacific seeks DOE extension

Mexico Pacific, the developer of the planned 15 mtpa Saguaro Energia LNG export project, is seeking a seven-year extension of its export deadline from the US Department of Energy.

Woodside names Sarah Bairstow as Louisiana LNG head

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

Mexico Pacific pens 20-year LNG supply deal with Posco International

Under the 20-year SPA, Posco International will offtake 0.7 million tonnes per year of LNG on a FOB basis...

Sarah Bairstow named as CEO of Mexico Pacific

Mexico Pacific, the developer of the planned 15 mtpa Saguaro Energia LNG export project, has appointed Sarah Bairstow as...