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Latham & Watkins Advises ConocoPhillips in Long-Term LNG Sales and Purchase Agreements With Mexico Pacific

August 4, 2023
Firm advises the exploration and production company in the transaction.

Mexico Pacific and ConocoPhillips (NYSE: COP) have announced that they have signed sales and purchase agreements for ConocoPhillips to offtake approximately 2.2 million tons per year (MTPA) in aggregate of liquefied natural gas (LNG) across trains 1, 2, and 3 of Mexico Pacific’s proposed LNG export facility, Saguaro Energia, located in Puerto Libertad on the west coast of Mexico. ConocoPhillips also has an option to contract further expansion train volumes.

Latham & Watkins LLP represents ConocoPhillips in the transaction with a team led by Houston partner Chris Peponis, with associates Andrew Lassman* and Andrew Evans.

*Not admitted to practice in Texas. Admitted in Australia.