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
Well Logging Could Get a Makeover
2024-02-27 - Aramco’s KASHF robot, expected to deploy in 2025, will be able to operate in both vertical and horizontal segments of wellbores.
Shell Brings Deepwater Rydberg Subsea Tieback Onstream
2024-02-23 - The two-well Gulf of Mexico development will send 16,000 boe/d at peak rates to the Appomattox production semisubmersible.
E&P Highlights: Feb. 26, 2024
2024-02-26 - Here’s a roundup of the latest E&P headlines, including interest in some projects changing hands and new contract awards.
Remotely Controlled Well Completion Carried Out at SNEPCo’s Bonga Field
2024-02-27 - Optime Subsea, which supplied the operation’s remotely operated controls system, says its technology reduces equipment from transportation lists and reduces operation time.
Tech Trends: Halliburton’s Carbon Capturing Cement Solution
2024-02-20 - Halliburton’s new CorrosaLock cement solution provides chemical resistance to CO2 and minimizes the impact of cyclic loading on the cement barrier.