* Australian oil company Woodside Energy has announced it has signed a sales and purchase agreement with Mexican liquefied natural gas (LNG) company Mexico Pacific Limited to purchase 1.3m tonnes (t) per year of LNG for 20 years. According to Woodside, this is equivalent to approximately 18 cargoes per year. Woodside stated that LNG is expected to play a critical role in the energy transition and long-term demand is anticipated to remain strong. Under the agreement, Woodside will purchase the LNG from the Saguaro Energía LNG project, located in Puerto Libertad, Sonora state, on a free-on-board basis with pricing linked to US gas indices. The agreement is subject to Mexico Pacific taking a final investment decision on the proposed third train at the Saguaro project. The decision is expected in the first half of 2024, with an aim of commencing commercial operations in 2029.
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LatinNews Daily - 06 December 2023
In brief: Australia’s Woodside Energy signs deal to buy Mexican LNG
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