Driven by a new modular upsized design and a full slate of customers for its Saguaro Energía LNG export project, Mexico Pacific Ltd. LLC is honing in on a final investment decision (FID) next year.
The Houston-based firm has been working for years to place all the pieces together for the 15 million metric tons/year (mmty) first phase proposed for Puerto Libertad, Sonora on Mexico’s Gulf of California.
Now that one of those major pieces – optimizing the terminal’s design – has been put to bed, Senior Vice President of Government and External Affairs Patrick Hughes told NGI last week during Gastech 2024 in Houston that the final step is securing the roughly $15 billion needed for financing. More specifically, Mexico Pacific is awaiting the final approval of Mexico’s three development banks, which Hughes called a “focal point” of the liquefied natural gas export project.
