According to a joint statement on Tuesday, OQ Trading will purchase 0.6 million tonnes per annum (mtpa) of LNG on a FOB basis from Amigo LNG’s export terminal in Guaymas, Sonora, Mexico.
“This long-term supply partnership represents a strategic move by OQT to diversify its LNG sourcing portfolio beyond the Middle East and Asia while marking a significant milestone in Amigo LNG’s global commercialization strategy,” the statement said.
The first LNG deliveries under the agreement are expected to start in the second quarter of 2028.
This SPA follows a heads of agreement that the two firms announced in September 2024.
Amigo LNG also recently signed a 20-year sales and purchase agreement with Sahara Group.
Under this deal, Shara will purchase 0.6 mtpa of LNG from Amigo LNG’s planned export terminal in Guaymas.
In addition to these two SPAs, Amigo LNG signed a heads of agreement with Malaysia’s E&H Energy in August 2024.
Under this deal, Amigo LNG plans to supply 3.6 mtpa of LNG to E&H for the Malaysian market over 20 years.
Amigo LNG’s 7.8 mtpa export facility comprises of two trains of 3.9 mtpa each and is currently under development in close cooperation with the State of Sonora and Secretaria de Marina, Mexico, the statement said.
LNG Alliance previously said Amigo LNG is the only project in the region with both FTA and non-FTA permits from the US Department of Energy, valid until December 2027.
It is expected to receive feed gas from the Permian shale basin in the US via existing pipeline networks.
