Exxon Mobil’s (XOM) ExxonMobil LNG Asia Pacific unit has signed two long-term sale and purchase agreements with Mexico Pacific to buy 2 million tons per year of liquified natural gas, Mexico Pacific said Tuesday.
Exxon’s unit will buy LNG on a free-on-board basis from the first two trains of Mexico Pacific’s anchor LNG export facility for 20 years, Mexico Pacific said.
Exxon has the option to buy 1 million tons per year from the third train, the company added.