Mexico Pacific to double LNG processing capacity at proposed plant
U.S.-based Mexico Pacific Ltd said on Tuesday it plans to double the potential capacity of its proposed LNG project in Puerto Libertad, on Mexico's west coast.
The project now aims to produce 28 MMtpy of LNG from six gas-processing trains, up from the original 14 MMtpy from three trains, Chief Executive Douglas Shanda told Reuters. The privately-held developer is looking to have financing approvals for the first two trains in the second quarter, he said.
“We've put together the development plans to go ahead and start filing for the permitting,” Shanda said. First delivery from the Puerto Libertad LNG plant is expected in the second half of 2025.
The company has said it secured agreements for supplying 14 MMtpy through a MOU with two or more parties. It has declined to identify the parties pending signed agreements.
"We're working to convert those to binding offtake agreements now," Shanda said.
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