IRH secures LNG inflows from Mexico: Abu Dhabi-based natural resources investment platform International Resources Holding (IRH) will obtain 1 mn tons per annum (mtpa) of LNG from Mexico’s Amigo floating LNG terminal, according to a press release. This comes under a 20-year sale and purchase agreement between the two, with deliveries expected to start when liquefaction enters commercial operations in 2H 2028.

Location, location, and location: The terminal is located on Mexico’s west coast, providing key access to import-dependent Asian markets across the Pacific Ocean while bypassing the Panama Canal. These markets are currently facing a supply squeeze after a large chunk of Middle Eastern energy inflows was disrupted. For now, the firm hasn’t said where the secured LNG will be headed, but the statement says the agreement aims “to support growing global energy demand.”

IN CONTEXT- With the Strait of Hormuz chokepoint and maritime disruption triggering a global energy crisis, the offtake agreement offers a stable and geographically diversified route to LNG supply.

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