Mexico Pacific signs 20-year LNG supply deal with China’s Zhejiang Energy – Reuters

Mexico Pacific signs 20-year LNG supply deal with China’s Zhejiang Energy – Reuters

July 5 (Reuters) - Mexico Pacific Ltd said on Wednesday it has struck a 20-year deal to sell a million metric tons of liquefied natural gas (LNG) annually from its Saguaro Energia export plant on west coast of Mexico to China's Zhejiang Energy.

The contract is the latest signed by Chinese LNG importers with producers including Qatar and the U.S. after market volatility last year pushed Asian spot LNG prices to record highs.

Mexico Pacific CEO Ivan Van der Walt said in a statement the new agreement would allow Mexico Pacific to "further support the growing energy requirements" of Zhejiang province, one of the largest provincial economies in China.