IRH secures 20-year LNG supply from Mexico
Abu Dhabi-based IRH signs 20-year deal with AMIGO LNG to supply 1 MTPA starting in 2028.
Image for illustrative purposes
Mexico, Guaymas: International Resources Holding, a subsidiary of 2PointZero Group, has signed a 20-year liquefied natural gas (LNG) Sale and Purchase Agreement with AMIGO LNG, securing a long-term supply to meet growing international energy demand.
Under the agreement, IRH will purchase 1 million tonnes per annum (MTPA) of LNG from the AMIGO LNG export project in Guaymas, Sonora. Deliveries are scheduled to begin once the project’s liquefaction train reaches commercial operation in the second half of 2028.
The deal supports IRH’s strategy to source LNG from geographically diverse locations, strengthening resilience and reliability in its global supply chain. The AMIGO LNG project, located on Mexico’s west coast, provides direct access to Asian markets without passing through the Panama Canal, reducing shipping constraints and enabling competitive delivery costs.
Ali Rashed AlRashdi, CEO of IRH, said: “By securing competitively priced Pacific Basin supply, we are enhancing the resilience and diversification of our global trading platform while expanding our ability to serve key growth markets. As a company headquartered in the UAE, this partnership also reflects our commitment to supporting the country’s growing role as a global energy and trading hub, while building strategic relationships that contribute to the future of international energy markets.”
He added: “Mexico’s west coast offers a structurally resilient LNG supply route to Asia that is not dependent on major maritime chokepoints such as the Panama Canal. By partnering with AMIGO LNG, we are helping strengthen global energy security while ensuring competitive and dependable LNG supply for international markets.”
Dr Muthu Chezhian, CEO of AMIGO LNG, said: “This agreement highlights the growing role Mexico can play in strengthening global LNG supply chains. By connecting Mexico’s Pacific coast with world-class energy partners such as IRH, we are establishing efficient new LNG supply routes that strengthen global energy security and support long-term demand.”
Source: Trade Arabia
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