AECOM Capital has made an investment in Mexico Pacific Limited, the owner and developer of a liquefied natural gas project on the Gulf of California in Mexico. No financial terms were disclosed. MPL is a joint venture of DKRW Energy Sonora Holding LLC and AECOM Capital.
HOUSTON TX (PRWEB) OCTOBER 20, 2017
AECOM Capital is the investment arm of AECOM, a $17-billion fully integrated, global infrastructure company
Houston, Texas – October 20th, 2017
Mexico Pacific Limited LLC (MPL), the owner and developer of a liquefied natural gas (LNG) project on the Gulf of California in Mexico, announced today that it has received an investment from AECOM Capital’s Infrastructure fund to advance development of its LNG liquefaction complex.
MPL is a cost-advantaged and scalable LNG liquefaction project on the west coast of North America. Based at Puerto Libertad in the state of Sonora, Mexico, MPL has a deep-water port and is interconnected with the US shale gas grid by multiple natural gas pipelines, which are already in service bringing natural gas to the site.
MPL President Robert Kelly said, “AECOM Capital’s Infrastructure fund’s financial commitment and development investment expertise materially strengthens MPL’s position and will allow us to conclude pre-construction work and ensure the LNG facility achieves target operations by 2022. This is an important milestone that advances our ability to offer the lowest all-in cost LNG to Mexican, South American, Central American and Pacific basin markets from a uniquely advantaged next-generation west coast LNG facility”.
“We are excited to partner with MPL, which has an experienced management team and strong investors with a successful track record of developing core infrastructure assets around the world,” said Mark McComiskey, senior managing director of AECOM Capital’s Infrastructure fund. “We have studied multiple LNG infrastructure projects globally and believe that MPL is highly strategic and offers significant advantages to serving leading growth LNG markets in Mexico, the Americas and Asia.”
MPL is a joint venture of DKRW Energy Sonora Holding LLC and AECOM Capital.
DKRW Energy Sonora Holding LLC is a wholly owned subsidiary of DKRW Energy LLC, a portfolio company of funds managed by Oz Management (NYSE:OZM). For more information, please visit DKRW Energy’s website (http://www.dkrwenergy.com).
AECOM Capital’s Infrastructure fund makes equity commitments to the development, redevelopment and construction of core infrastructure assets, focusing on opportunities in the energy, transportation, water and technology sectors.
About AECOM Capital
AECOM Capital, a subsidiary of AECOM, is an investor and developer of real estate, infrastructure and public-private partnerships across North America and select international markets with a total development value of approximately $5 billion. Targeting high-quality, risk-adjusted investments, AECOM Capital leverages AECOM’s vast resources across all engineering, design and construction services for deal flow, due diligence, execution and project delivery. AECOM, a premier, fully integrated global infrastructure firm, designs, builds, finances and operates infrastructure assets for governments, businesses and organizations in more than 150 countries. For more information, visit http://www.aecomcapital.com.
About Oz Management
Oz Management is one of the largest institutional alternative asset managers in the world, with offices in New York, London, Hong Kong, Mumbai, Beijing, Shanghai and Houston. Oz provides asset management services to investors globally through its multistrategy funds, dedicated credit funds, including opportunistic credit funds and Institutional Credit Strategies products, real estate funds and other alternative investment vehicles. Oz seeks to generate consistent, positive, absolute returns across market cycles, with low volatility compared to the broader markets, and with an emphasis on preservation of capital. Oz’s funds invest across multiple strategies and geographies, consistent with the investment objectives of each fund. The global investment strategies Oz employs include convertible and derivative arbitrage, corporate credit, long/short equity special situations, merger arbitrage, private investments, real estate and structured credit. As of October 1, 2017, Oz had approximately $31.8 billion in estimated assets under management. For more information, please visit Oz Management’s website (http://www.ozm.com).