International Resources Holding (IRH), based in Abu Dhabi and part of the 2PointZero Group, has entered a 20-year agreement for the sale and purchase of liquefied natural gas (LNG) with AMIGO LNG in Mexico. This major project is affiliated with the LNG Alliance, ensuring a reliable long-term supply to meet the growing global energy demands.
According to the agreement, IRH will acquire one million tons of LNG annually from the AMIGO export project located in Guaymas, Sonora.
Supply operations are projected to commence with the commercial start of the liquefaction unit in the second half of 2028.
This deal supports IRH’s strategy to secure stable LNG supplies by diversifying its geographic sources. The positioning of the AMIGO project on Mexico’s west coast offers a direct route to Asian markets, bypassing the Panama Canal, thereby mitigating one of the main challenges of global shipping and enhancing the efficiency and cost-effectiveness of LNG deliveries to the Asian continent.
Mexico is solidifying its role as a strategic hub in the LNG market, leveraging its Pacific coast to diversify global supply routes and augment energy security for international buyers.
Ali Rashid Al-Rashedi, CEO of International Resources Holding, stated, “This agreement marks a significant milestone in strengthening our long-term international LNG trade portfolio. By securing competitive pricing from the Pacific Basin, we are enhancing our global business activities’ flexibility and diversity, while expanding our capacity to meet the burgeoning demand in key markets. As a UAE-based company, this partnership underscores our commitment to bolstering the UAE’s role as a global energy and trade center by fostering strategic relationships that shape new horizons in international energy markets.”
He added, “The west coast of Mexico provides a stable supply route for LNG to Asia, minimizing reliance on major shipping corridors like the Panama Canal. Through our partnership with AMIGO LNG, we are working to strengthen global energy security by ensuring reliable and competitive supplies reach international markets.”
Dr. Muhto Shijian, CEO of AMIGO LNG, remarked, “This agreement reflects Mexico’s growing potential to enhance global LNG supply chains. By connecting the Pacific coast of Mexico with global energy partners like International Resources Holding, we are developing new and efficient supply routes, thereby reinforcing global energy security and supporting long-term demand.”