Comprehensive Energy Data Intelligence
Information About Energy Companies, Their Assets, Market Deals, Industry Documents and More...
Mexico Pacific LNG: A New Export Era Anchored by Permian Gas
10/16/2023
Natural gas from the U.S. Permian Basin is set to be the primary source for Mexico's Pacific's Saguaro Energía LNG facility.
Located in Puerto Libertad, Sonora, the Saguaro Energía LNG export facility will feature three processing trains. The site is primed for potential expansion with plans for three additional trains of similar capacity. Its strategic Pacific Coast location offers a 55% shorter shipping route to Asia, providing significant savings and reduced carbon emissions.
- The facility will have three trains, each having a processing capacity of 5 million tonnes per annum (mtpa). Combined, they offer a nameplate capacity of 15 mtpa, equivalent to 2 Bcf/d.
- Plans are in place to add three more trains, each with a capacity of 5 mtpa.
- The facility will utilize low-cost gas from the Permian Basin, specifically from the Waha hub.
- Gas will be transported via a 253 km pipeline in the U.S. that connects to an 802 km pipeline in Mexico. Both pipelines can handle up to 2.8 Bcf/d of gas.
“The facility will connect the cheapest natural gas from the Permian Basin's Waha hub to the world's largest demand center, Asia,” Kruse said during a panel discussion at Hart Energy’s Energy Capital Conference.
Economic Implications
Tyler Kruse, Vice President of Corporate Finance at Mexico Pacific Ltd., emphasized the advantages of sourcing cheaper natural gas from the Permian Basin's Waha hub. Stifel Financial Corporation projects an 8% LNG growth by the decade's end, underscoring the project's potential.
The Mexican government is in favor of the development of the LNG infrastructure. While concerns about drug cartels have been addressed, they are not deemed a major threat.
Investment & Partnerships
A final investment decision on the Saguaro Energía LNG facility is forthcoming, with operations anticipated to commence by 2027. Major energy players, including Shell, Exxon Mobil, and ConocoPhillips, support the facility. Contracted clientele includes Guangzhou Gas and Zhejiang Energy from China.
About Mexico Pacific LNG Terminal:
Mexico Pacific's Saguaro Energía LNG facility aims to bridge the supply-demand gap in the global LNG market. Located strategically, it ensures efficient transportation, tapping into the vast reserves of the Permian Basin. Their commitment to sustainability is evident with the reduced carbon footprint they offer compared to their Gulf Coast counterparts. The involvement of energy giants like Shell and Exxon Mobil further underscores the facility's significance in reshaping the global energy landscape.
If you are looking for more information about energy companies, their assets, and energy deals, please, contact our sales office mapping@hartenergy.com, Tel. 619-349-4970 or SCHEDULE A DEMO to learn how Rextag can help you leverage energy data for your business.
Exxon Mobil and Pioneer Merge in $60 Billion Deal to Dominate Shale Market
![$data['article']['post_image_alt']](https://images2.rextag.com/public/blog/197Blog_Pioneer Assets Spotlighted as Exxon Acquires for $60 Billion.png)
Exxon Mobil (XOM.N) has reached an agreement to acquire its domestic competitor, Pioneer Natural Resources (PXD.N). This all-stock transaction, which places a valuation of $59.5 billion on the deal, promises to establish Exxon as the preeminent producer in the U.S.'s most extensive oilfield. At a valuation of $253 per share, this merger brings together the prowess of Exxon, America's largest oil entity, with Pioneer, a standout performer that has risen to prominence during the shale boom.
Baker Hughes Confirms a Third Weekly Decline in US Oil and Gas Rigs
![$data['article']['post_image_alt']](https://images2.rextag.com/public/blog/BLOG_Baker Hughes Confirms a Third Weekly Decline in US Oil and Gas Rigs.jpg)
In a recent announcement, energy services firm Baker Hughes stated that U.S. energy companies have decreased the number of operating oil and gas rigs for the third successive week. This development marks the first such consistent reduction since early September. As of October 6, the count for oil and gas rigs, considered a precursor to future production levels, has seen a decline by four, positioning it at 619. This is the lowest figure recorded since February of the preceding year. The overall rig count has decreased by 143 or 19% when compared to last year's statistics.
![$data['article']['post_image_alt']](https://images2.rextag.com/public/blog/328_Blog_Why Are Oil Giants Backing Away from Green Energy Exxon Mobil, BP, Shell and more .jpg)
As world leaders gather at the COP29 climate summit, a surprising trend is emerging: some of the biggest oil companies are scaling back their renewable energy efforts. Why? The answer is simple—profits. Fossil fuels deliver higher returns than renewables, reshaping priorities across the energy industry.
![$data['article']['post_image_alt']](https://images2.rextag.com/public/blog/327_Blog_Oil Market Outlook A Year of Growth but Slower Than Before.jpg)
The global oil market is full of potential but also fraught with challenges. Demand and production are climbing to impressive levels, yet prices remain surprisingly low. What’s driving these mixed signals, and what role does the U.S. play?
![$data['article']['post_image_alt']](https://images2.rextag.com/public/blog/326_Blog_USA Estimated Annual Rail CO2 Emissions 2035.jpg)
Shell overturned a landmark court order demanding it cut emissions by nearly half. Is this a victory for Big Oil or just a delay in the climate accountability movement?