International Resources Holding (IRH), an Abu Dhabi-based natural resources investment platform and subsidiary of 2PointZero Group, has struck a multi-year LNG supply deal with Amigo LNG, a Mexican joint venture between Texas-based Epcilon LNG and Singapore’s LNG Alliance, which is developing an LNG export terminal in Guaymas, Sonora, on Mexico’s west coast.
Resources International Holding Company has signed a 20-year LNG sale and purchase agreement with Mexico Friend of LNGAnd securing long-term supplies of liquefied natural gas to support the growing global demand for energy at a time when global markets are feeling the effects of the ongoing conflict in the Middle East.
Ali Rashid Al RashdiThe CEO of Al-Mawarid International Holding Company said: “This agreement represents an important milestone in strengthening IRH Global Trading’s long-term LNG portfolio. By securing Pacific Basin supplies at competitive prices, we are enhancing the flexibility and diversification of our global trading platform while expanding our ability to serve key growth markets.”
“As a company headquartered in the UAE, this partnership also reflects our commitment to supporting the country’s growing role as a global energy and trade hub, while building strategic relationships that contribute to the future of international energy markets.”
IRH will purchase 1 million tons per year of LNG from the Amigo LNG export project in Guaymas, with deliveries expected to begin when the project’s liquefaction train enters commercial operations in the second half of 2028.
Al Rashdi added: “Mexico’s west coast provides a structurally flexible LNG supply route to Asia that is not dependent on major maritime checkpoints such as the Panama Canal. By partnering with Amigo LNG, we are helping to strengthen global energy security while ensuring competitive and reliable LNG supplies to international markets.”
The deal was interpreted to advance the company’s strategy of securing reliable supplies of LNG from geographically diverse sources. The LNG project provides direct shipping access to Asian markets without relying on the Panama Canal.
This is seen to avoid a major bottleneck to global shipping and enable highly competitive LNG delivery costs to Asia. Mexico is increasingly emerging as a strategic LNG energy hub, providing access to the Pacific Ocean, which can help diversify global supply routes and enhance energy security for international buyers.
Dr. Mr. ChezianAmigo LNG CEO said: “This agreement highlights the growing role Mexico can play in strengthening global LNG supply chains.
“By connecting Mexico’s Pacific Coast to global energy partners like IRH, we are creating efficient new LNG supply routes that strengthen global energy security and support long-term demand.”
The Amigo LNG Export Facility is designed to export up to 7.8 million tons per year of LNG. After a few months of 20-year project sales and purchases Agreement with the Sahara GroupGunvor I made a deal Procurement of 0.85 million tons per year of LNG for 20 years from the first liquefaction train.
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