Andres Manuel Lopez Obrador, President of Mexico, has said that US-based company Mexico Pacific Limited (MPL) will invest $14bn in his country to develop a liquefied natural gas (LNG) export facility and gas pipeline in his country.
MPL has already announced plans to build an LNG production facility near Puerto Libertad in the Mexican state of Sonora. It is not clear if the president was referring to an expansion of this project, or an additional project to be undertaken by the company.
In its ongoing application to the US Department of Energy for the right to export gas from the US to Mexico, MPL did not make mention of plans to build any new pipelines in Mexico.
MPL’s planned Saguaro Energia LNG export facility at Puerto Libertad has a design capacity 14.1 million tonnes per annum, to be developed across three stages. Construction has not yet begun but MPL has already signed sales and purchase agreements for all three trains of the development.
The growing exploitation of shale gas and the rapid development of LNG facilities over the last decade or so have made the US one of the world’s most important gas export markets. Mexico is one of the key markets for US LNG.
MPL is headquartered in Houston, Texas in the US and the company also has offices in Mexico City, Singapore and Puerto Libertad.