ExxonMobil (XOM) Signs a 20-year Agreement for LNG Purchase

Exxon Mobil Corporation (XOM) , the U.S.-based energy giant, signed an agreement to purchase an additional 1.2 million metric tons per year (MMtpa) of Liquefied Natural Gas (LNG) from Mexico Pacific on a free-on-board basis.This 20-year supply deal with ExxonMobil paves the way for Mexico Pacific to reach a final investment decision to expand its Saguaro Energia LNG Plant, situated on the west coast of Mexico.Mexico Pacific stated that, with this deal, it has finalized the necessary sales needed to make a f ...