ConocoPhillips has signed 20-year deals to receive a collective 2.2 million tons of liquefied natural gas (LNG) a year from Mexico Pacific's Saguaro export facility, the U.S. oil and gas producer said on Thursday.
has signed 20-year deals to receive a collective 2.2 million tons of liquefied natural gas a year from Mexico Pacific's Saguaro export facility, the U.S. oil and gas producer said on Thursday.
The deals, which are subject to the project getting the final go-ahead from Mexico Pacific, would grant Conoco access to LNG from Mexico's Pacific coast, the U.S. company said in a release.to supply 1 million metric tons of LNG a year to China's Zhejiang Energy. "We are really interested in adding West Coast LNG into our portfolio," Conoco Chief Financial Officer William Bullock told investors on Thursday on a call about the company's quarterly results. Conoco chose Saguaro over other LNG facilities under construction in Mexico because a final investment decision on that project will come sooner, he said.
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