Mexico Pacific Secures Major LNG Sales Agreement with POSCO International Corp!
Congratulations on having signed a long-term sales and purchase agreement (SPA) with POSCO International Corporation, Korea’s largest energy trading company and a global leader in sustainable energy.
Under the agreement, POSCO will purchase 0.7 million tons per annum (mtpa) of LNG on a free-on-board basis over a 20-year term. This SPA was enabled by significant optimizations achieved with EPC contractors, allowing Mexico Pacific to enter the strategic Korean market.
With all three liquefaction trains commercially contracted, strong governmental and market support, and key permits secured across the Saguaro Energía LNG facility and the Sierra Madre Pipeline, Mexico Pacific is on track for a positive final investment decision.
This project marks the largest private investment in Mexico and is a key element of the Sonora Plan, promoting clean energy, investment, and economic growth in the region.