ExxonMobil in third SPA with Saguaro Energia LNG
ExxonMobil in third SPA with Saguaro Energia LNG
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Natural Gas News
ExxonMobil in third SPA with Saguaro Energia LNG
Summary
US major to take 3.1mn tonnes/year from first phase of terminal planned for Mexico's west coast. [Image credit: Mexico Pacific] by: Dale Lunan
US major ExxonMobil has signed a third long-term LNG sale and purchase agreement (SPA) for offtake from the third train of Mexico Pacific’s Saguaro Energia LNG project in Mexico, the LNG developer said January 16. The agreement covers ...
Related Knowledge Center: Liquefied natural gas
Driven by plentiful natural gas produced from shale plays, the United States began exporting liquefied natural gas in 2016 when the Sabine Pass terminal in Louisiana opened and shipped its first cargo. Since then, additional capacity, or trains, have been added to Sabine Pass, and terminals have become operational in Cameron Parish, La.; Hackberry, La.; Cove Point, Md.; and Corpus Christi, Texas. The Energy Information Administration projects that U.S. LNG export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world, behind Australia and Qatar. The tariff war with China has the potential to impact some final investment decisions for additional terminals in the coming months.