General Announcement::AGREEMENTS RELATED TO LICUEFACTION PROJECT

Issuer & Securities

Issuer/ Manager
INFRAESTRUCTURA ENERGETICA NOVA, S.A.B. DE C.V.
Securities
INFRAESTRUS$540M4.875%N480114A - US456829AB67 - 8DTB
INFRAESTRUS$540M4.875%N480114R - USP56145AB40 - 8DUB
INFRAESTR US$300M3.75%N280114A - US456829AA84 - 8DWB
INFRAESTR US$300M3.75%N280114R - USP56145AA66 - 8DXB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
07-Nov-2018 19:40:36
Status
New
Announcement Sub Title
AGREEMENTS RELATED TO LICUEFACTION PROJECT
Announcement Reference
SG181107OTHREVW6
Submitted By (Co./ Ind. Name)
RODRIGO CORTINA CORTINA
Designation
CORPORATE LEGAL DIRECTOR
Effective Date and Time of the event
07/11/2018 17:00:00
Description (Please provide a detailed description of the event in the box below)

IENOVA AND SEMPRA LNG & MIDSTREAM SIGN THREE HEADS OF AGREEMENTS WITH TOTAL S.A., MITSUI & CO., LTD., TOKYO GAS CO., LTD. FOR ENERG A COSTA AZUL NATURAL GAS LIQUEFACTION PROJECT


Mexico City, Nov. 7, 2018 - Infraestructura Energetica Nova S.A.B. de C.V. (IEnova) (BMV: IENOVA) announced today, together with Sempra LNG & Midstream, the signature of three Heads of Agreements (HOAs) with affiliates of Total S.A. (Total), Mitsui & Co., Ltd. (Mitsui) and Tokyo Gas Co., Ltd. (Tokyo Gas) for the full capacity of Phase 1 of the Energia Costa Azul liquefied natural gas (ECA LNG) project located in Baja California, Mexico.

ECA LNG Phase 1 is a single-train liquefaction facility to be located adjacent to the existing LNG receipt terminal and expected to produce approximately 2.4 million tonnes per annum (Mtpa) of LNG.

The three HOAs for ECA LNG Phase 1 contemplate the parties negotiating and finalizing definitive 20-year LNG sales-and-purchase agreements. The three companies will each potentially purchase approximately 0.8 Mtpa of LNG from ECA LNG Phase 1. A final investment decision for ECA LNG is targeted in late 2019 with potential first LNG deliveries in 2023.

In June, TechnipFMC and Kiewit were selected as the engineering, procurement, construction and commissioning (EPC) contractor for the ECA LNG project, subject to reaching a definitive agreement on the EPC contract.

The ECA LNG receipt terminal was the first LNG receipt terminal constructed on North America s West Coast. Located about 15 miles north of Ensenada, Baja California, it began commercial operations in 2008 and is capable of processing up to 1 billion cubic feet of natural gas per day.

Development of ECA LNG is subject to obtaining binding customer commitments and regulatory approvals and permits.






Attachments

Press Release Phase 1 ECA Liquefaction.pdf
Total size =163K