Mexico Pacific and the state government of Sonora have entered into a collaboration agreement to support the development of Saguaro Energia, an anchor liquefied natural gas (LNG) export project located in Puerto Libertad, Sonora, Mexico. This collaboration aims to facilitate the construction of the project by ensuring the efficient issuance of necessary permits by the state and municipal authorities.
In another significant development, Mexico Pacific has signed a sales and purchase agreement with China's Zhejiang Energy International Limited. The agreement outlines Zhejiang Energy's commitment to purchase 1.0 million tons per year (Mmtpa) of LNG from Saguaro Energia. Over a span of 20 years, Zhejiang Energy will acquire LNG on a free-on-board basis, solidifying a mutually beneficial trade partnership.
