Mexico Pacific Ltd. LLC has executed two 20-year sales agreements with ExxonMobil LNG Asia Pacific for a combined 2 million tonnes/year (tpy) of LNG from Mexico Pacific’s 14.1-million tpy Saguaro Energia LNG plant in Puerto Libertad, Sonora, Mexico. The ExxonMobil affiliate will purchase LNG on a free-on-board basis from the plant’s first two trains and has an option for 1 million tpy from 4.7-million tpy Train 3.
“We have reached a critical point on contract volumes required for final investment decision (FID) on our first two trains and will now shift focus to close contracting…for a subsequent Train 3 FID,” said Ivan Van der Walt, chief executive officer of Mexico Pacific. “As we position for FID on the first two trains, we will also commence advanced engineering with Bechtel.”
The company is targeting first LNG exports in 2027.
ONEOK Inc. last year filed for permission to build and operate its 2.8-bcfd Saguaro Connector natural gas pipeline, crossing into Mexico from Hudspeth County, Tex. It expects to take FID on the pipeline, which would connect to one being developed on the Mexican side of the border for delivery to the LNG plant, by mid-2023 (OGJ Online, Dec. 21, 2022).
