Hart Energy: Mexico Pacific’s Saguaro: LNG’s Quicker Route to Asian Markets

November 19, 2024 “Headwinds include regulatory hurdles, a high-skilled labor shortage, limited natural gas pipeline capacity and in some cases, disinformation on social media,” Sergio Chapa, a U.S. LNG analyst at Poten, wrote in a September report. “U.S. regulators with the DOE (Department of Energy) also appear to be becoming wary of re-export projects in Mexico that do not provide domestic jobs or boost energy infrastructure.” “Saguaro LNG boasts offtake agreements with Exxon Mobil, ConocoPhillips, Shell and Woodside Energy, and others from Asia like Posco International, Zhejiang Energy Group and Guangzhou Gas Group. The agreements are indexed to the Waha Hub and/or Henry Hub and are said to include combined liquefaction and pipeline fees ranging from $2.50/MMBtu to $3.77/MMBtu,” according to Poten. To read the full article, click here.