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    Mexico Pacific inks SPAs with ExxonMobil


US major signs deals for offtake from first two trains; has option for additional LNG from third train.

by: Dale Lunan

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Complimentary, Natural Gas & LNG News, Americas, Liquefied Natural Gas (LNG), Corporate, Contracts and tenders, News By Country, Mexico

Mexico Pacific inks SPAs with ExxonMobil

Mexico Pacific, which is developing its three-train, 14.1mn metric tons/year Saguaro Energia LNG project near Sonora on Mexico’s Pacific Coast, said February 7 it had signed two sales and purchase agreements (SPAs) with an affiliate of ExxonMobil covering 2mn mt/yr from the facility’s first two trains.

The two SPAs provide for ExxonMobil’s purchase of the LNG on a free-on-board basis over a 20-year term. ExxonMobil LNG Asia Pacific will also have an option for 1mn mt/yr from the project’s third train.


The National Gas Company of Trinidad and Tobago Limited (NGC) NGC’s HSSE strategy is reflective and supportive of the organisational vision to become a leader in the global energy business.


S&P 2023

“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,” Mexico Pacific CEO Ivan Van der Walt said. “As we position for FID on the first two trains, we will also commence advanced engineering with Bechtel.”