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Oman signs 15-year deal with Amigo LNG to diversify LNG supply sources

OQ Trading has signed a long-term sales agreement with Amigo LNG in Mexico to purchase 0.6 million tonnes of liquefied natural gas annually, with deliveries scheduled to begin in 2028.

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OQ Trading, the international energy and commodity trading arm of the Government of Oman, has entered into a 15-year liquefied natural gas (LNG) sales and purchase agreement with Amigo LNG S.A. de C.V., the Mexican subsidiary of Singapore-based LNG Alliance. The agreement covers an annual volume of 0.6 million tonnes, delivered on a Free On Board (FOB) basis from the Guaymas export terminal in the state of Sonora, Mexico.

Diversification beyond the Middle East for Oman

This partnership marks a strategic milestone for OQ Trading, which aims to broaden its LNG supply sources beyond the Middle East and Asia. Initial deliveries are expected to commence in the second quarter of 2028. The terminal’s location on Mexico’s Pacific coast provides direct maritime access to Asian markets, reducing shipping times and enhancing logistical flexibility.

Wail Al Jamali, Chief Executive Officer of OQ Trading, stated, “This agreement represents a major step forward in our strategy to develop a global LNG portfolio.” He added that the deal strengthens the company’s energy supply chain resilience.

Production capacity and Mexican institutional support

Amigo LNG’s facility, with a planned nameplate capacity of 7.8 million tonnes per annum, forms part of the Mexican Navy’s (Secretaría de la Marina, SEMAR) modernisation initiative for the Port of Guaymas. The project is also officially backed by the State of Sonora as part of its Plan Sonora gas strategy.

The agreement also marks a commercial milestone for Amigo LNG, enhancing its position in global markets. Muthu Chezhian, Chief Executive Officer of LNG Alliance, highlighted that the partnership demonstrates Mexico’s reliability as an energy export platform to Asia.

A new energy corridor between the Gulf and Latin America

This collaboration highlights growing energy ties between the Middle East and Latin America. By leveraging the geopolitical neutrality and logistical strengths of Mexico’s west coast, OQ Trading anticipates increasing LNG demand, particularly across the Indian subcontinent and Southeast Asia.

The project is also expected to contribute to regional economic growth in Mexico, while reinforcing OQ Trading’s international strategy outside the OPEC zone.

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