Amigo LNG S.A. de C.V., the Mexican subsidiary of Singapore-based LNG Alliance, has signed a definitive 15-year liquefied pure gasoline (LNG) gross sales and buy settlement (SPA) with Oman.
Underneath the settlement signed with OQ Buying and selling (OQT), the worldwide power and commodity buying and selling car of the Oman authorities, OQT will buy 0.6 million metric tons each year (mtpa) of LNG free on board from Amigo LNG’s export terminal in Sonora, Mexico.
The primary LNG deliveries beneath the settlement are anticipated to start within the second quarter of 2028, LNG Alliance mentioned in a information launch.
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The long-term provide partnership “represents a strategic transfer by OQT to diversify its LNG sourcing portfolio past the Center East and Asia whereas marking a big milestone in Amigo LNG’s world commercialization technique,” in keeping with the discharge.
Amigo LNG’s facility, which is designed for a nameplate capability of seven.8 mtpa, is being developed in shut collaboration with the SEMAR’s (Secretaría de la Marina) modernization plan for the Port of Guaymas and is totally backed by the Authorities of Sonora as a cornerstone venture of Mexico’s Plan Sonora gasoline technique. The venture will contribute to regional financial improvement, help Mexico’s maritime targets, and function a gateway for clear power entry for Asia, LNG Alliance mentioned.
“This SPA with Amigo LNG represents a big step ahead in OQT’s technique to develop a worldwide LNG portfolio,” OQT CEO Wail Al Jamali mentioned. “By securing provide from trusted companions, we proceed to diversify our LNG sources, strengthen the resilience of our power provide chain, and reinforce our long-term dedication to offering cleaner, extra dependable power options for our prospects within the evolving power panorama”.
“We’re proud to accomplice with OQT, a globally revered participant within the power sector,” LNG Alliance CEO Muthu Chezhian mentioned. “This settlement reinforces Amigo LNG’s place as a brand new, dependable power bridge from Mexico’s West Coast to world markets and demonstrates the energy of Mexico’s function in shaping the way forward for sustainable power transition”.
Included in Dubai in 2006, OQT mentioned it trades greater than 40 million metric tons of power merchandise every year. OQT is wholly owned by the Authorities of Oman, held by way of the OQ Group and the Oman Funding Authority.
LNG Alliance, established in 2013, describes itself as a venture improvement, operations, and asset platform targeted on LNG export and import terminal infrastructure. The corporate mentioned it “leverages partnerships with key power sector gamers, expertise builders, and funding companions to construction and ship dependable, reasonably priced, and safe power options to core operational markets in Mexico, Southeast Asia, South Asia, and Europe”.
LNG Settlement with Sahara Group
Lately Amigo LNG additionally signed a 20-year LNG SPA with Dubai-based world power and infrastructure conglomerate Sahara Group.
Underneath the phrases of the settlement, Sahara Group will buy 0.6 mtpa of LNG from Amigo LNG’s export terminal in Sonora, Mexico.
“Sahara Group is proud to accomplice with Amigo LNG on this transformative enterprise,” Wale Ajibade, Government Director at Sahara Group, mentioned in an earlier assertion. “This settlement aligns completely with our aim to extend entry to dependable and reasonably priced power, notably in underserved areas. LNG is a essential enabler of power safety and financial development, and we stay up for supporting a cleaner power future collectively”.
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