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Mexican Pacific Coast LNG Project Granted Permit

LNG

The Mexican government has authorized a key permit for US LNG developer Mexico Pacific for a proposed export facility on the Mexican Pacific Coast, Mexican President Andrés Manuel López Obrador said.

  • Mexico Pacific said in March that the company had secured binding offtake agreements for about a third of the volumes it needs to cover the initial two trains of the project, which would be capable of producing 9.4 million mt/year of LNG, and that it was close to signing commitments for the remaining volumes.
  • One of the deals was with China’s Guangzhou Development Group Inc. to buy 2 million mt/year of LNG.
  • Mexico Pacific’s new project would allow tankers to be able to avoid the Panama Canal and reach East Asia in about half the time it takes for shipments from the US Gulf Coast.

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