Gunvor Singapore Pte Ltd, a subsidiary of the independent trading company Gunvor, has signed a long-term Sales and Purchase Agreement (SPA) with the Mexican joint venture AMIGO LNG S.A. de C.V. The contract provides for the purchase of 0.85 million tonnes per annum (MTPA) of liquefied natural gas (LNG) over a 20-year period. Deliveries will commence upon the commissioning of AMIGO LNG’s first liquefaction unit, expected in the second half of 2028.
The AMIGO LNG project, based in Guaymas, in the Mexican state of Sonora, is being developed by Texas-based company Epcilon LNG LLC in partnership with the Singaporean firm LNG Alliance. It is the first large-scale LNG export terminal on Mexico’s west coast. Its location provides privileged access to Asian and Latin American markets, while leveraging natural gas from the Permian Basin in the United States.
A Structuring Agreement for Long-Term LNG Supply
The signing of this agreement illustrates Gunvor’s strategy to diversify its LNG supply sources over extended periods. In a context of strong demand in Asia, this commitment is part of a supply security logic while optimizing trade routes via the Pacific.
Natural gas supplies from the United States will transit through Mexico to be liquefied and exported from Guaymas. This configuration strengthens AMIGO LNG’s position as an energy integration platform between the two countries, adding value to North American resources through Mexican infrastructure.
A Strengthened Bilateral Dynamic in LNG Trade
LNG exports from Mexico’s west coast offer a logistical alternative to the Gulf Coast, reducing transit times to Asian markets. This geographical position helps meet the growing energy demand in regions facing significant supply constraints.
The partnership with Gunvor marks a milestone in the commercial development of the AMIGO LNG project, which continues to build its customer base ahead of infrastructure commissioning. Other long-term sales agreements may follow, in a market still characterized by price volatility and increased competition among suppliers.
