Aecom Capital invests in Mexican liquefied natural gas complex

Mexico Pacific Limited has received an investment from Aecom Capital’s infrastructure fund for the development costs of an estimated US$1 billion Liquified Natural Gas project in the Gulf of California.

DKRW Energy Sonora Holding's and AECOM Capital's joint venture, MPL, is a liquefaction project on the west coast of North America. The facility has a deep-water port and is interconnected with the US shale gas grid by multiple natural gas pipelines, which are already in service bringing natural gas to the site. It is located in Puerto Libertad in the state of Sonora, Mexico.

DKRW Energy Sonora Holding LLC is a wholly owned subsidiary of DKRW Energy LLC, a portfolio company of funds managed by Oz Management.

AECOM Capital’s Infrastructure fund makes equity commitments to the development, redevelopment and construction of core infrastructure assets, focusing on the energy, transportation, water and technology sectors.

About the investment, MPL President, Robert Kelly said:

“AECOM Capital’s Infrastructure fund’s financial commitment and development investment expertise materially strengthens MPL’s position and will allow us to conclude pre-construction work and ensure the LNG facility achieves target operations by 2022. This is an important milestone that advances our ability to offer the lowest all-in cost LNG to Mexican, South American, Central American and Pacific basin markets from a uniquely advantaged next-generation west coast LNG facility”.

He added: 

“We are excited to partner with MPL, which has an experienced management team and strong investors with a successful track record of developing core infrastructure assets around the world,” said Mark McComiskey, senior managing director of AECOM Capital’s Infrastructure fund".