Mexico’s AMIGO LNG Signs 20-Year Supply Deal with Abu Dhabi’s IRH

2PointZero’s IRH signs a 20-year deal for LNG supply from Mexico’s AMIGO project, securing Pacific Basin access and bypassing Panama Canal constraints.

(P&GJ) — International Resources Holding (IRH), a subsidiary of 2PointZero Group, has secured a long-term LNG supply agreement tied to Mexico’s AMIGO LNG export project, strengthening its access to Pacific Basin markets, the company said on April 1.

Under the 20-year agreement, IRH will purchase 1 MMtpy of LNG from the project, located in Guaymas, Sonora, with deliveries expected to begin when the facility enters service in the second half of 2028. The project’s Pacific coast location allows shipments to Asia without relying on the Panama Canal, providing a direct route to key demand markets.

The deal adds to IRH’s strategy of diversifying LNG supply sources and expanding its global trading portfolio, while positioning Mexico as an emerging hub for LNG exports to Asia.

Ali Rashed AlRashdi, CEO of International Resources Holding, said: “This agreement marks an important milestone in strengthening IRH Global Trading’s long-term LNG portfolio. By securing competitively priced Pacific Basin supply, we are enhancing the resilience and diversification of our global trading platform while expanding our ability to serve key growth markets. As a company headquartered in the UAE, this partnership also reflects our commitment to supporting the country’s growing role as a global energy and trading hub, while building strategic relationships that contribute to the future of international energy markets”.

He added: “Mexico’s west coast offers a structurally resilient LNG supply route to Asia that is not dependent on major maritime chokepoints such as the Panama Canal. By partnering with AMIGO LNG, we are helping strengthen global energy security while ensuring competitive and dependable LNG supply for international markets.”