OQ Trading and Amigo LNG Sign 15-Year LNG Supply Agreement to Strengthen Global Energy Partnerships

Posted on April 30th, 2025 | Filed under Press Releases

DUBAI, UAE, April 30, 2025 /PRNewswire/ — OQ Trading (OQT), the international energy and commodity trading vehicle of the Government of Oman, has signed a definitive 15-year Liquefied Natural Gas (LNG) Sales and Purchase Agreement (SPA) with Amigo LNG S.A. de C.V., the Mexican subsidiary of Singapore-based LNG Alliance. Under the agreement, OQT will purchase 0.6 million tonnes per annum (MTPA) of LNG FOB from Amigo LNG’s export terminal in Guaymas, Sonora, Mexico.

This long-term supply partnership represents a strategic move by OQT to diversify its LNG sourcing portfolio beyond the Middle East and Asia while marking a significant milestone in Amigo LNG’s global commercialization strategy. The first LNG deliveries under the agreement are expected to commence in the second quarter of 2028.

“This SPA with Amigo LNG represents a significant step forward in OQT’s strategy to develop a global LNG portfolio,” said Wail Al Jamali, CEO of OQT. “By securing supply from trusted partners, we continue to diversify our LNG sources, strengthen the resilience of our energy supply chain, and reinforce our long-term commitment to providing cleaner, more reliable energy solutions for our customers in the evolving energy landscape.”

With increasing global demand for cleaner fuels, especially across Asia and the Indian subcontinent, OQT gains a cost-effective, geopolitically neutral, and logistically efficient supply route from Amigo LNG. The West Coast of Mexico provides a direct maritime path to Asia, reducing shipping time and offering flexibility in supply chain operations.

Amigo LNG’s facility—designed for a nameplate capacity of 7.8 MTPA—is being developed in close collaboration with the SEMAR’s (Secretaría de la Marina) modernization plan for the Port of Guaymas and is fully backed by the Government of Sonora, as a cornerstone project of Mexico’s Plan Sonora gas strategy. The project will contribute to regional economic development, support Mexico’s maritime goals, and serve as a gateway for clean energy access for Asia.

“We are proud to partner with OQT, a globally respected player in the energy sector,” said Muthu Chezhian, CEO of LNG Alliance. “This agreement reinforces Amigo LNG’s position as a new, reliable energy bridge from Mexico’s West Coast to global markets and demonstrates the strength of Mexico’s role in shaping the future of sustainable energy transition.”

The deal reflects the deepening cooperation between Latin America and the Gulf region in the energy sector and underscores the importance of long-term partnerships in ensuring resilient and sustainable energy futures.

About OQT
Incorporated in Dubai in 2006, OQT has successfully established a global presence as one of the world’s major participants in the commodities trading industry – trading more than 40 million tonnes of energy products each year. OQT is wholly owned by the Government of Oman, held through the OQ Group and the Oman Investment Authority. OQT has a global network of trading offices, ideally located in all the major energy trading regions, and operates out of the following locations: Muscat, Dubai, Houston, London, Rotterdam, Shanghai and Singapore.

About LNG Alliance
LNG Alliance, established in 2013, is a project development, operations, and asset platform focused on LNG export and import terminal infrastructure. LNG Alliance leverages partnerships with key energy sector players, technology developers, and investment partners to structure and deliver reliable, affordable, and secure energy solutions to core operational markets in Mexico, Southeast Asia, South Asia, and Europe.