OQ Trading, the Government of Oman’s trading vehicle, has entered into a 15-year definitive sales and purchase agreement (SPA) with Amigo LNG, a subsidiary of LNG Alliance, to purchase 600,000 tonnes per annum of LNG.
Under the agreement, OQ Trading will source LNG from Amigo LNG's export terminal in Guaymas, Sonora, Mexico, with deliveries expected to start in the second quarter of 2028 (Q2 2028).
This move is a part of OQ Trading's efforts to expand its supply sources beyond the Middle East and Asia, and marks a key milestone in Amigo LNG's commercialisation strategy.
OQ Trading will benefit from a cost-effective and geopolitically neutral supply route, thanks to the West Coast of Mexico's direct maritime path to Asia.
This route promises reduced shipping times and increased flexibility in supply chain operations.
OQT Trading CEO Wail Al Jamali said: “This SPA with Amigo LNG represents a significant step forward in OQT's strategy to develop a global LNG portfolio.
“By securing supply from trusted partners, we continue to diversify our LNG sources, strengthen the resilience of our energy supply chain, and reinforce our long-term commitment to providing cleaner, more reliable energy solutions for our customers in the evolving energy landscape.”
Amigo LNG's facility, which boasts a nameplate capacity of 7.8 million tonnes per annum (mtpa), is a central element of Mexico's Plan Sonora gas strategy.
It is being developed with support from SEMAR's modernisation plan for the Port of Guaymas and the backing of the Government of Sonora.
The project aims to drive regional economic growth, support Mexico's maritime objectives and provide a new avenue for clean energy access to Asia.
LNG Alliance CEO Muthu Chezhian said: “We are proud to partner with OQT, a globally respected player in the energy sector. This agreement reinforces Amigo LNG's position as a new, reliable energy bridge from Mexico's West Coast to global markets and demonstrates the strength of Mexico's role in shaping the future of sustainable energy transition.”
In August last year, Amigo LNG secured a 20-year contract to supply 3.6mtpa of LNG to Malaysia's E&H ENERGY, starting in Q3 2027.
