April 12, 2024<\/p>\n
Houston and Mexico City — Mexico Pacific Limited LLC (Mexico Pacific\u201d or the \u201cCompany\u201d), the developer of the Saguaro Energ\u00eda LNG facility and associated Sierra Madre Pipeline, today announced that Sarah Bairstow, the Company\u2019s President, has been appointed as Chief Executive Officer, effective immediately. Ms. Bairstow\u2019s appointment follows Ivan Van der Walt\u2019s resignation as CEO to pursue other interests.<\/p>\n
\u201cMexico Pacific has achieved substantial progress over the past year, and, as we build on our momentum since Quantum\u2019s initial investment in the Company a few years ago, we are thrilled to have a leader of Sarah\u2019s caliber assume the role of CEO,\u201d said Charles Davidson, Executive Chairman of Mexico Pacific and Partner at Quantum Capital Group, Mexico Pacific\u2019s principal equity owner. \u201cSarah has a demonstrated track record of taking LNG projects from concept to operations and has played a pivotal role in the Company\u2019s trajectory to date. Along with Sarah, we have a tremendously talented team in place with significant experience developing, constructing, and operating large-scale energy infrastructure projects around the world. I have the utmost confidence in our team and continued success.\u201d<\/p>\n
Ms. Bairstow has more than 20 years of international LNG and energy leadership experience and is a founding executive of Mexico Pacific. Prior to joining Mexico Pacific in 2019, Ms. Bairstow was the Head of Strategic Projects and Commercial LNG for the Gladstone LNG Project, where she secured the long-term SPAs underpinning project revenues before building and overseeing Gladstone LNG\u2019s commercial LNG business for nearly a decade on behalf of project partners Santos, KOGAS, PETRONAS, and Total.<\/p>\n
\u201cI am honored to have the opportunity to lead Mexico Pacific through its next phase of execution and excited about the significant opportunities ahead for the Company,\u201d said Ms. Bairstow. \u201cI look forward to working closely with Chuck \u2013 who brings years of experience leading publicly listed energy companies \u2013 and our entire team, as well as with other members of our Board, to build upon our commitment to supplying affordable, reliable energy for decades to come.\u201d<\/p>\n
\u201cWith three trains commercially contracted and key regulatory permits in place across the pipeline and terminal, Mexico Pacific is well positioned to begin construction of its flagship project in the second half of this year,\u201d continued Mr. Davidson. \u201cOn behalf of the entire Board, I want to thank Ivan for his significant contributions to the Company and wish him all the best in his future endeavors.\u201d<\/p>\n
Mexico Pacific continues to progress the workstreams necessary to achieve a final investment decision for the first phase of its Saguaro Energ\u00eda LNG facility and associated Sierra Madre Pipeline. Together, these developments comprise the largest private investment in Mexico. Mexico Pacific is prepared to develop and operate this world-class infrastructure, a foundational pillar of the Sonora Plan that promotes clean energy development and economic prosperity in Mexico and throughout North America.<\/p>\n
About Mexico Pacific<\/strong>
\nMexico Pacific\u2019s anchor project, the 15 mtpa Saguaro Energ\u00eda LNG Facility, is the most advanced LNG development project on the West Coast of North America. The Saguaro Energ\u00eda LNG Facility achieves significant cost and logistical advantages resulting in the lowest landed price of North American LNG into Asia by leveraging low-cost natural gas sourced from the nearby Permian Basin and a significantly shorter shipping route avoiding Panama Canal transit risk. More information is available at http:\/\/www.mexicopacific.com<\/a>.<\/p>\n