Mexico Pacific and Shell sign third long-term LNG sales and purchase agreement
HOUSTON, Texas, March 27, 2023 /PRNewswire-PRWeb/ -- Under the sales and purchase agreement, Shell will purchase LNG on a free on-board basis over a term of 20 years. When fully operational, the first phase of the facility will have three trains and a combined capacity of 14.1 MTPA.
- Shell Eastern Trading (Pte) Ltd (Shell) and a subsidiary of Mexico Pacific Limited (Mexico Pacific) announced today they have signed an additional sales and purchase agreement for Shell to offtake approximately 1.1 million tonnes per year (MTPA) of liquefied natural gas (LNG) from the third train of Mexico Pacific's anchor LNG export facility, Saguaro Energia, located in Puerto Libertad, Sonora, Mexico.
- HOUSTON, Texas, March 27, 2023 /PRNewswire-PRWeb/ -- Under the sales and purchase agreement, Shell will purchase LNG on a free on-board basis over a term of 20 years.
- Steve Hill, Executive Vice President of Energy Marketing at Shell, said: "LNG is an increasingly important pillar of global energy security.
- We are pleased to be working with Mexico Pacific to provide more LNG to the global market."