ExxonMobil LNG Asia Pacific, a subsidiary of the US oil and gas group ExxonMobil, has signed two long-term Sales and Purchase Agreements (SPAs) with the Mexican company Mexico Pacific for the supply of 2 Mt/year of LNG from the proposed Saguaro Energia LNG export facility, located in Puerto Libertad, Sonora (northern Mexico).
Under the SPAs, the ExxonMobil subsidiary will purchase LNG over a 20-year term on a free-on-board basis from the first two trains (1 Mt/year each) of Mexico Pacific’s LNG export facility. ExxonMobil also has an option for 1 Mt/year of LNG from Train 3.
The proposed three-train Saguaro Energia LNG facility is designed to produce about 14.1 Mt/year of LNG from natural gas sourced from the Permian Basin in the US states of Texas and New Mexico.