US-based Mexico Pacific will build a liquefaction plant and an 800-kilometer pipeline to transport natural gas from Texas to the seaport in the northern state of Sonora for sale in Asia. The investment project will be for $13 billion, the president of Mexico, Andres Manuel Lopez Obrador, recently said.
The investment for the project called "Saguaro Energía LNG" will be funded by the US company and will be located in Puerto Libertad, Sonora (250 miles west of Nogales, Arizona).
The plant's infrastructure will be able to supply 1 in 5 ships of liquefied natural gas imported by China or Japan or more than 60 percent of imports from Taiwan or India, reported a video from the state Federal Electricity Commission (CFE), broadcast at the president's press conference.
The project includes an 800-kilometer gas pipeline in Mexico to transport gas from the Permian, Texas area to Puerto Libertad. The CFE will be a partner without a capital contribution, although it will provide 40 percent of the gas to be exported.
Data from the Saguaro Energía LNG project show that one of Mexico Pacific's strategic partners is the multinational Grupo Techint, a leading energy company dedicated to the exploration, production, transportation and distribution of hydrocarbons, as well as power generation.
In addition, Techint is the main shareholder of TAMSA-Tenaris, a company in Mexico that is one of the largest producers of seamless steel tubes for the energy industry. It is also the main partner of steel company Ternium, one of the main producers of flat and long steel in Latin America.