(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.
Recommended Reading
Oilfield Service Firms Keep Merging to Survive
2025-07-07 - Faced with shrinking customer bases, rising costs and a slowing market, publicly traded oilfield services firms like SLB, DNOW and DXP are leaning into M&A to gain scale, efficiency and tech advantage.
Viper Energy to Acquire Sitio Royalties in $4.1B Deal
2025-06-03 - Viper will expand in the Permian Basin and into new plays with a $4.1 billion stock acquisition of Sitio Royalties.
Zeo Energy to Acquire Solar Power Producer Heliogen in $10MM Deal
2025-05-29 - The transaction is expected to close in third-quarter 2025, subject to the approval of Heliogen’s stockholders as well as customary closing and other conditions.
Data Suggest BPX Worth at Least $10B in BP Merger Carve-Out
2025-05-28 - The business unit’s all-shale holdings’ “attractiveness” to potential BP Plc suitors “would likely be an important input into any portfolio evaluation and [merger] due diligence process,” said J.P. Morgan Securities analyst Matthew Lofting.
Trauber: Shell-BP Merger Would Make “A Lot of Sense”
2025-05-12 - BP’s U.S. shale operations include the Permian, Eagle Ford and Haynesville. The next wave of oil and gas consolidation may include mergers between the majors, veteran M&A insider Stephen Trauber of Moelis tells Hart Energy.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.