LNG supplier Amigo seals a 20-year sales and purchase agreement with Gunvor Singapore.
In a strategic move towards diversifying supply sources and supporting the global transition towards cleaner energy, Gunvor, a leading independent commodities trading house, has entered into a 20-year agreement with Amigo LNG. This partnership makes Gunvor the purchaser of 0.85 million tonnes per annum (mtpa) of liquefied natural gas (LNG) from Amigo LNG.
Amigo LNG, the first large-scale LNG export terminal on the west coast of the Americas, is a joint venture between Texas-based Epcilon LNG and Singapore-based LNG Alliance. The terminal, strategically located near the US Permian Basin, is expected to start operations with its first liquefaction train in the latter half of 2028, targeting 3.9 mtpa exports.
Kalpesh Patel, Co-Head of LNG Trading at Gunvor, commented on the partnership, expressing Gunvor's commitment to securing long-term LNG supplies to meet the evolving energy needs of its customers worldwide. He further highlighted Gunvor's strategy of diversifying supply sources, stating, "This partnership with Amigo LNG aligns with our strategy of diversifying supply sources."
Amigo LNG's LNG supplies will be delivered to customers in Asia and Latin America, providing competitive LNG options to these markets. The Guaymas-based facility, while not explicitly mentioned as being a part of the first train of AMIGO LNG, is strategically positioned to facilitate these deliveries.
The Guaymas-based facility's exact export capacity remains undisclosed, and it is not explicitly mentioned as being a part of the second train of AMIGO LNG. However, a similar volume is forecast for the second train, suggesting potential for future growth in the partnership.
This agreement marks another step forward in Gunvor's mission to support the global transition towards cleaner energy. Gunvor, like Amigo LNG, is committed to delivering sustainable and reliable energy solutions to its customers.
