Mexico Pacific Ltd LLC (MPL), a North American LNG export project based on the West Coast of Mexico, has announced that it has engaged Mitsubishi UFJ Financial Group (MUFG) as financial advisor.

This marks another step toward a positive final investment decision (FID) for the project.

Douglas Shanda, President and Chief Executive Officer of MPL, said: “MPL is pleased to be working with MUFG and we believe they are well positioned to assist MPL due to their longstanding market-leading position in project finance, recent and relevant experience structuring and leading project financing transactions in the Americas, extensive knowledge of project financing in Mexico, and unparalleled expertise in the global LNG market.

“With its breadth of knowledge and experience and strong relationships with leading lenders and investors globally, MUFG’s appointment represents another important milestone in MPL’s aggressive advancement to FID.”

Erik Codrington, Managing Director and Head of Structured Finance in the Americas at MUFG, added: “The MUFG team looks forward to helping MPL commercialise and finance its 12 million tpy Pacific Coast LNG terminal.

“We believe MPL is a uniquely advantaged project with direct Pacific Ocean access, connectivity into low cost US gas producing basins, deep water access, and a best-in-class management team.”

Read the article online at: https://www.lngindustry.com/liquefaction/17042020/mexican-lng-export-project-engages-mufg-as-financial-advisor/

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