IEnova signs an agreement to buy and sell gas with Japanese companies

CITY OF MEXICO.- Nova Energy Infrastructure (IEnova ) has signed three preliminary purchase-sale agreements with affiliates, Total, Mitsui and Tokyo Gas, relating to the total capacity of the first phase of the Energía Costa Azul natural gas liquefaction project, located in Baja California, Mexico.

During the first phase of the project, the parties are expected to negotiate and finalize final 20-year natural gas agreements.

Each of the three companies will potentially purchase approximately 0.8 million tonnes of gas per year (Mtpa) in the first phase of the project.

It is planned to make a final investment decision by the end of 2019, with the first potential deliveries of hydrocarbons in 2023.

The first phase of Costa Azul consists of a liquefaction train adjacent to the existing liquefied natural gas receiving terminal and is expected to produce approximately 2.4 million Mtpa of natural gas.