(Source: Shutterstock.com)
Mexico Pacific Ltd. expects to take an imminent final investment decision (FID) for the first two trains related to its Saguaro Energía LNG facility on the west coast of Mexico, the company told Hart Energy on April 4. An FID for a third train is expected soon thereafter.
Saguaro, located in Puerto Libertad, Sonora, Mexico, will source feed gas from the Permian Basin to later be shipped into premium LNG markets in Asia.
“We’re sold out across all three trains, fully permitted to commence construction on both the pipeline and terminal and are receiving strong support from capital markets so we’re progressing strongly toward our initial T1 & T2 FID and expect to take a subsequent T3 FID a mere 3-6 months later,” Mexico Pacific told Hart.
Last year, Mexico Pacific said the initial phase of the three-train export project, Saguaro I, would entail a $15 billion investment. Each train will have a processing capacity of 5 million tonnes per annum (mtpa). Considering all three trains, Saguaro I will have a 15 mtpa capacity or roughly 2 Bcf/d. The company didn’t provide Hart with updated investment details.
An envisioned Saguaro II would include three additional trains with 5 mtpa of capacity each, according to Mexico Pacific.
Exxon Mobil, Shell Plc and ConocoPhillips all have offtake deals with Mexico Pacific, which is controlled and sponsored by Quantum Capital Group.
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