Sabine Pass facility to supply 3.5 mta of LNG
Cheniere Energy, Inc. (NYSE American: LNG) has started shipping Liquefied Natural Gas (LNG) to GAIL (India) Limited under a 20-year Sale and Purchase Agreement (SPA).
The SPA, which was signed in December of 2011, commenced on 1 March 2018 from Cheniere’s Sabine Pass liquefaction facility in Louisiana.
Cheniere, a leading American LNG exporter, is to supply approximately 3.5 million tonnes of LNG per year.
“India remains an important market for LNG, and one that we hope will continue to show signs of growth. We look forward to decades of mutually beneficial cooperation between Cheniere and GAIL, the leading natural gas company of India,” said Cheniere President and CEO Jack Fusco.
With supplies commencing from the US, GAIL will have a diversified portfolio both on price indexation and geographical locations, added GAIL Chairman and Managing Director B.C. Tripathi.
“This long term agreement would go a long way in strengthening the relationship between GAIL and Cheniere and reinforcing India-US trade ties,” he added. fii-news.com
