Macquarie to buy more LNG from Amigo LNG

A unit of Australia's Macquarie has agreed to buy more LNG from Amigo LNG's planned 7.8 mtpa LNG export plant in Mexico.

In August last year, Amigo LNG, the Mexican joint venture of Texas-based Epcilon LNG and Singapore-based LNG Alliance, signed a long-term sale and purchase agreement (SPA) with Macquarie Group.

Under the agreement, Amigo will deliver 0.6 million tonnes per annum (mtpa) of LNG to Macquarie’s commodities and global markets business over a 15-year term.

LNG supplies are expected to commence with the start-up of Amigo LNG’s first liquefaction train, targeted for commercial operations in the second half of 2028.

However, Epcilon LNG told the US DOE on May 29 that Amigo LNG and Macquarie Energy amended the SPA on May 8.

The annual contract quantity of LNG as per the original contract dated August 22, 2025 was 31,200,000 MMBtu or approximately 0.6 mtpa.

“The annual contract quantity of LNG, as of May 8, 2026 has been amended to 52,000,000 MMBtu or approximately 1 mtpa, unless adjusted in accordance with the provisions of the agreement,” Epcilon LNG said.

Epcilon LNG said the new agreement is effective from the “effective date of May 8, 2026, and is in force for a period of 15 years from the date of first commercial delivery, unless terminated earlier in accordance with the provisions of the agreement.”

4.35 mtpa

Amigo LNG said in December last year that it expects to take a final investment decision on its planned LNG export terminal in Mexico in the first quarter of 2026.

The company awarded the engineering, procurement, and construction (EPC) contract to Dubai-based Drydocks World for FLNG barges and FSU conversion in August last year.

Under the EPC contract, Drydocks World will carry out the conversion of floating storage units (FSU) to support LNG export operations, alongside the construction of newbuild FLNG barges incorporating US-based pre-treatment and liquefaction technologies.

With this Macquarie amendment, Amigo LNG now has signed contracts totaling 4.35 mtpa.

Amigo LNG recently signed a 20-year sales and purchase agreement with 2PointZero’s International Resources (IRH).

Abu Dhabi-based 2PointZero said IRH will purchase 1 mtpa of LNG for 20 years from Amigo LNG’s export terminal in Guaymas, Sonora, Mexico.

2PointZero noted that deliveries are expected to begin when the project’s liquefaction train enters commercial operations in the second half of 2028.

Amigo LNG also signed a 20-year SPA with a unit of Geneva-based trader Gunvor.

Gunvor Singapore will purchase 0.85 mtpa of LNG for 20 years from Amigo LNG’s export terminal.

In April last year, Amigo LNG signed a 15-year sales and purchase agreement with Oman’s state-owned firm OQ Trading to supply the latter with LNG.

OQ Trading will purchase 0.6 mtpa of LNG on a FOB basis from Amigo LNG’s export terminal.

However, Epcilon LNG told DOE in a separate filing that this SPA was amended in April 2026 with OQ Trading increasing the volumes to 46,275,000 MMBtu or approximately 0.9 mtpa.

Amigo LNG also signed a 20-year sales and purchase agreement with Sahara Group.

Under this deal, Sahara will purchase 0.6 mtpa of LNG from Amigo LNG’s planned export terminal.

Permits

Amigo LNG also recently said that it has obtained all necessary permits in Mexico.

These include authorization for liquefaction and LNG storage activities issued by Mexico’s National Energy Commission, environmental approval issued by Agencia de Seguridad, Energia y Ambiente (ASEA), and social impact assessment approval issued by Secretaria de Energia (SENER).

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