Houston, Texas-based Aecom Capital has taken an equity stake in Mexico Pacific Limited (MPL)’s proposed Sonora LNG project at Puerto Libertad on the Gulf of California in Mexico.
Puerto Libertad is a deepwater port north of Guaymas in Sonora state. It already receives natural gas by pipeline from the US. Mexico Pacific said the Sonora LNG project will be “cost-advantaged and scaleable”. It aims to export its first cargoes in 2022.
MPL president Robert Kelly said the Aecom investment will allow the project to complete its preconstruction work. “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 said.
Sonora LNG is a joint venture between DKRW Energy Sonora and Aecom Capital. Neither party has confirmed how much Aecom has invested from its infrastructure fund or the size of its equity.
“We have studied multiple LNG infrastructure projects globally and believe that MPL is highly strategic and offers significant advantages to serving leading growth LNG markets in Mexico, the Americas and Asia,” said Aecom Capital Infrastructure senior managing director Mark McComiskey.
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