AVAIO, Tortoise capital buy 12 mtpa LNG export facility on the Pacific Coast

A consortium led by AVAIO Capital has acquired control of the 12 mtpa LNG export facility on the Pacific Coast of Mexico. As part of this transaction, investors including AVAIO Capital and funds managed by Tortoise Capital Advisors, LLC will invest new capital in the business to fund MPL’s continued development.

Mexico Pacific Limited LLC (MPL) is developing the LNG export facility in 3x4 mtpa phases. MPL is using proven liquefaction technology.

Kirkland & Ellis LLP advised AVAIO Capital in the transaction.