Abu Dhabi-based International Resources Holding (IRH), a subsidiary of 2PointZero Group, has signed a landmark 20-year liquefied natural gas (LNG) sales and purchase agreement with Amigo LNG project. The deal secures 1 million tonnes per annum (MTPA) of LNG supply from the Amigo LNG project in Guaymas, Sonora, with deliveries expected to begin in the second half of 2028 once the first liquefaction train becomes operational.

The IRH-Amigo liquified natural gas supply deal comes amid tightening global LNG markets and increasing geopolitical disruption to key supply routes. The agreement also reinforces the importance of Mexico’s west coast as a new export corridor to Asia. By bypassing chokepoints such as the Panama Canal, the project is positioned to deliver competitively priced LNG into Pacific Basin markets.

Importance of IRH’s 20-Year Supply Deal to Amigo LNG Project in Guaymas, Mexico

The Amigo LNG-IRH deal is a show of broader structural shift in global LNG markets toward supply chain resilience. With disruptions affecting key producers and transit routes, including the Strait of Hormuz and Panama Canal congestion, buyers are increasingly prioritizing geographically diversified sources.

For IRH, the deal strengthens its long-term LNG trading portfolio. It also aligns with its strategy of building a mine-to-market energy platform spanning upstream resources to downstream distribution.

For Amigo LNG, a flagship project of LNG Alliance, the agreement is an important commercial anchor ahead of final investment decision (FID), expected in 2026. Construction is also underway in Dubai by Drydocks World after the company secured an EPC contract in August last year. The project has also already secured multiple long-term offtake agreements with global traders, positioning it as a key emerging supplier in the Atlantic–Pacific energy network.

Project Overview

Amigo LNG project is a planned 7.8 MTPA liquefied natural gas export facility located in Guaymas, Sonora, on Mexico’s Pacific coast.

Key features of Amigo LNG project include:

• Direct Pacific access enabling efficient LNG exports to Asia
• Reduced reliance on constrained maritime routes such as the Panama Canal
• Modular floating LNG (FLNG) and storage infrastructure
• Integration with U.S. natural gas supply networks

Fact sheet for Amigo LNG Export Project in Mexico

Location: Guaymas in Sonora, Mexico

Capacity: 7.8 MTPA

Project type: LNG export terminal (FLNG and onshore integration)

Latest offtake agreement: 1 MTPA with IRH for 20 years

Developer: LNG Alliance

EPC contractor: Drydocks World

Technology: Honeywell systems

FID target: 2026

First LNG: Expected 2028

Strategic advantage: Pacific export route bypassing Panama Canal

Project Team

Developer

• LNG Alliance

Project Company

• Amigo LNG

Offtaker

• International Resources Holding (IRH)

Parent

• 2PointZero Group

EPC & Engineering

• Drydocks World  for FLNG barges and FSU conversion

Technology Providers

• Honeywell for pretreatment and control systems

Commercial Partners

• Macquarie Group
• Gunvor Group
• OQ Trading
• Sahara Group

Project Risk to Look Out For

Despite the strong commercial momentum, several risks remain:

• FID uncertainty: Final investment decision still pending
• Execution risk: Complex FLNG and modular infrastructure delivery
• Regulatory approvals: Mexican permitting and environmental compliance
• Market volatility: LNG price cycles and competing supply from Qatar, U.S., and Australia
• Geopolitical uncertainty: Global LNG markets remain highly sensitive to conflicts and trade disruptions

If FID is reached this year, Amigo LNG could position Mexico as a major LNG export hub, complementing U.S. Gulf Coast supply and reshaping trans-Pacific energy flows. The IRH agreement is also increases the likelihood of Amigo LNG securing additional long-term contracts. This would positively point the Amigo LNG project toward full commercialization.