PR83696

HOUSTON, April 16, 2020 /PRNewswire=KYODO JBN/ --

Mexico Pacific Limited LLC (MPL), a North American LNG export project based on

the West Coast of Mexico, announced today that it has engaged Mitsubishi UFJ

Financial Group (MUFG) as financial advisor, marking another step toward final

investment decision (FID) of the project.

Headquartered in Japan, MUFG is one of the world's largest publicly traded

financial institutions and is the fifth largest bank by assets, with

approximately $2.9 trillion as of December 31, 2019. In the Project Finance

International Loan League Tables for 2019, MUFG ranked as Top Global Initial

Mandated Lead Arranger (MLA) for the eighth consecutive year—and #1 for project

finance loans in the Americas.

MPL is a leading West Coast LNG export project in North America, offering

customers in Asia a lower landed cost of LNG, geographic diversity and a

de-risked shipping route. The combination of the shorter shipping distance to

Asia from its West Coast location and its access to low-cost U.S. natural gas

allows the project to deliver some of the lowest landed cost LNG into Asia.

"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," said

Douglas Shanda, President and Chief Executive Officer of MPL. "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."

"The MUFG team looks forward to helping MPL commercialize and finance its 12

million-tonnes-per-annum Pacific Coast LNG terminal," said Erik Codrington,

Managing Director and Head of Structured Finance in the Americas at MUFG. "We

believe MPL is a uniquely advantaged project with direct Pacific Ocean access,

connectivity into low cost U.S. gas producing basins, deep water access, and a

best-in-class management team."

About Mexico Pacific Limited LLC

MPL is a North American LNG project located on the West Coast of Mexico with

substantial cost and logistical advantages achieved by connecting the abundant

Permian and San Juan gas basins in the United States to Asian LNG markets.

MPL's facility will be constructed by a world-class EPC contractor using proven

equipment supplied by Baker Hughes and proven liquefaction technology. MPL will

build its 12 mtpa LNG liquefaction facility on the 1,100-acre site owned by MPL

in Puerto Libertad, Sonora, Mexico, roughly 200 km south of the US Arizona

border. MPL is controlled by AVAIO Capital. More information can be found at

www.mexicopacificlimited.com.

About MUFG

Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world's leading

financial groups. Headquartered in Tokyo and with more than 360 years of

history, MUFG has a global network with over 2,700 locations in more than 50

countries. The Group has over 180,000 employees and offers services including

commercial banking, trust banking, securities, credit cards, consumer finance,

asset management, and leasing. The Group aims to "be the world's most trusted

financial group" through close collaboration among our operating companies and

flexibly respond to all of the financial needs of our customers, serving

society, and fostering shared and sustainable growth for a better world. MUFG's

shares trade on the Tokyo, Nagoya, and New York stock exchanges. For more

information, visit https://www.mufg.jp/english.

About AVAIO Capital

AVAIO Capital is a build-to-core infrastructure investment firm led by

professionals from investment, development, engineering, construction, and

operating backgrounds. In aggregate, the team has completed more than $4

billion of equity transactions and over $50 billion of infrastructure

development and construction projects across the water, transportation, digital

and energy sectors. AVAIO's makes equity investments in the creation and

redevelopment of infrastructure assets throughout North America and Europe.

Entities affiliated with AVAIO Capital are the majority and controlling

investors in MPL. More information can be found at www.avaiocapital.com.

Media Contact

Sydney Isaacs

sri@abmac.com

713-817-9346

Related Links https://www.mexicopacificlimited.com

SOURCE: Mexico Pacific Limited