We have selected TechnipFMC as a potential solution after a year-long vetting process. TechnipFMC’s extensive LNG experience and, in particular their track record of successful project execution will help MPL achieve its goal of offering low cost LNG to Pacific markets.
HOUSTON (PRWEB) September 19, 2018
The project is well positioned for FID in the second half of 2019. With the majority of its permits in place, the focus is now on execution planning and commercial activities. MPL is actively negotiating long-term contracts with top tier LNG buyers across the Pacific basin.
MPL President Josh Loftus said, “We have selected TechnipFMC as a potential solution after a year-long vetting process. TechnipFMC’s extensive LNG experience and, in particular their track record of successful project execution globally will help MPL achieve its goal of offering low cost LNG to Pacific markets.”
About Mexico Pacific Limited LLC
MPL is a Pacific Coast North American liquefaction facility that has substantial cost and logistical advantages versus other US facilities serving the Pacific Basin. Based at Puerto Libertad in the state of Sonora, Mexico, MPL has a deep-water port and is interconnected with the US shale gas grid by multiple natural gas pipelines, which are already in service, to bring natural gas to the site. The Company is permitted for up to 12 MTPA of LNG and targets the initial construction of 2 to 4 MTPA using modular LNG technology. MPL is a joint venture of DKRW Energy Sonora Holdings, LLC and AECOM Capital Private Infrastructure. For more information on MPL please visit http://www.mexicopacificlimited.com.
About AECOM Capital
AECOM Capital, a subsidiary of AECOM, is an investor and developer of infrastructure, real estate, and public-private partnerships across North America and select international markets. AECOM Capital Private Infrastructure invests in value-added infrastructure development opportunities. The investment vehicle makes equity commitments to the development, redevelopment, and construction of core infrastructure assets throughout North America and Europe with a focus on opportunities in the energy, transportation, water and technology sectors. The investment vehicle focuses on mid- and late-stage developments, where AECOM Capital can bring early institutional capital to a project. For more information, visit https://www.aecom.com/aecom-capital/infrastructure/.
AECOM, a premier, fully integrated global infrastructure firm, designs, builds, finances and operates infrastructure assets for governments, businesses and organizations in more than 150 countries. A Fortune 500 firm, AECOM had revenue of approximately $18.2 billion during fiscal year 2017. See how AECOM delivers what others can only imagine at aecom.com and @AECOM.