Mexico’s LNG space continues to grow with a new project called Amigo near the port of Guaymas in Sonora expecting a final investment decision by next February.

“The fundamental driver behind the project is offtake interest in Asia, especially in India,” CEO Muthu Chezhian of Singapore-based LNG Alliance Ltd. told NGI’s Mexico GPI. India is the fourth largest consumer of liquefied natural gas in the world. An Indian company has already secured 50% of the proposed first train, he said.

LNG Alliance develops end-to-end infrastructure solutions in the LNG space. The project would source gas from the Permian Basin in the United States.

[Want to know how global LNG demand impacts North American fundamentals? To find out, subscribe to NGI’s Daily Gas Price Index]

The...