The deal is interpreted to strengthen the firm’s strategy of securing reliable LNG supply from geographically diversified sources. This LNG project provides direct shipping access to Asian markets without relying on the Panama Canal.
This is perceived to avoid a key global shipping bottleneck and enable highly competitive LNG delivery costs into Asia. Mexico is increasingly emerging as a strategic LNG energy hub, offering Pacific access, which can help diversify global supply routes and enhance energy security for international buyers.
Dr. Muthu Chezhian , CEO of Amigo LNG, said: “This agreement highlights the growing role Mexico can play in strengthening global LNG supply chains.
“By connecting Mexico’s Pacific coast with world-class energy partners such as IRH, we are establishing efficient new LNG supply routes that strengthen global energy security and support long-term demand.”
The Amigo LNG export facility is designed to export up to 7.8 million tonnes per annum of LNG. A few months after the project’s 20-year sales and purchase agreement with Sahara Group , Gunvor sealed a deal to buy 0.85 mtpa of LNG for 20 years from the first liquefaction train.