Scandoil  

Cheniere and Endesa sign 20-year LNG sale and purchase agreement


Published Apr 4, 2014
[an error occurred while processing this directive]

Edit page New page Hide edit links

Cheniere Energy, Inc.

Cheniere Energy, Inc. announced that its subsidiary, Corpus Christi Liquefaction, LLC (Corpus Christi Liquefaction), has entered into a liquefied natural gas (LNG) sale and purchase agreement (SPA) with Endesa Generacion, S.A. (Endesa) under which Endesa has agreed to purchase approximately 1.5 million tonnes per annum (mtpa) of LNG upon the commencement of operations from the LNG export facility being developed near Corpus Christi, Texas (the "Corpus Christi Liquefaction Project"). The Corpus Christi Liquefaction Project is being designed and permitted for up to three trains, with aggregate design production capacity of 13.5 mtpa of LNG.

Under the SPA, Endesa will purchase LNG on an FOB basis for a purchase price indexed to the monthly Henry Hub price plus a fixed component. LNG will be loaded onto Endesa's vessels. The SPA has a term of twenty years commencing upon the date of first commercial delivery and an extension option of up to ten years. Deliveries are expected to occur as early as 2018.

Tags: Cheniere Energy




Advertisment:

Comments on this page are closed.

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml