The commodity trading house company Gunvor has sealed a definitive 20-year LNG sale and purchase agreement (SPA) with the Amigo LNG S.A. de C.V., the Mexican joint venture of Texas-based Epcilon LNG LLC and Singapore-based LNG Alliance.
Under the agreement, Gunvor Singapore Pte Ltd will purchase 0.85 million tonnes per annum (mtpa) of LNG for 20 years, with deliveries commencing upon the start of commercial operations of Amigo LNG’s first liquefaction train, scheduled for latter half of 2028.
Amigo LNG benefits from its strategic location on Mexico, its partner Gunvor said in a release last week.
According to Gunvor, the Guaymas-based facility will leverage its strategic location and proximity to the prolific U.S. Permian Basin to deliver competitive LNG supplies to customers in Asia and Latin America.
Gunvor describes this long-term commitment as a “major milestone” for Amigo LNG, reinforcing its position as a project perceived to be Mexico’s first large-scale LNG export terminal on the west coast of the Americas.
“Partnering with AMIGO LNG aligns with our strategy of diversifying supply sources and supporting the global transition toward cleaner energy,” said Kalpesh Patel, co-head of LNG trading of Gunvor.
Aside from strengthening global LNG supply chains, the Amigo LNG project is said to serve as a bridge for U.S.–Mexico energy trade by monetizing American natural gas exports through Mexico’s west coast, enhancing cross-border energy integration.
Established in 2013, the LNG Alliance has in its portfolio gas and LNG terminal infrastructure across the USA, Mexico, Southeast Asia, and Europe.
