US EditionCommonwealth LNG Signs 20-Year Sale and Purchase Agreement with Major Asian Buyer
- On May 5, 2025, Commonwealth LNG finalized a 20-year Sale and Purchase Agreement to supply LNG from its Cameron, Louisiana terminal to a leading energy firm based in Asia.
- The agreement follows Commonwealth's plans to complete its 9.5 mtpa liquefied natural gas export terminal, with a final investment decision expected later in 2025.
- The Buyer has agreed to take delivery of one million tonnes of LNG each year, beginning with initial shipments scheduled for late 2029 when the facility is expected to start operations.
- Ben Dell, Commonwealth Chairman, called the agreement an important milestone toward a final investment and first offtake in 2029, while CEO Farhad Ahrabi emphasized building a safe, efficient, well-governed LNG company through this partnership.
- The project is expected to create over $11 billion in investment, generate $3.5 billion in annual exports, and employ about 2,000 construction workers and 275 operational staff, signaling significant economic impact in Louisiana.
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Commonwealth LNG Signs 20-Year Sale and Purchase Agreement with Major Asian Buyer
HOUSTON, May 5, 2025 /PRNewswire/ -- Commonwealth LNG ("Commonwealth") announced today that it has signed a Sale and Purchase Agreement with a major Asian energy company ("Buyer"). Under the agreement, Buyer will purchase 1 million tonnes per annum (mtpa) of…
·Parsons, United States
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Commonwealth LNG Signs 20-Year Supply Deal With Major Asian Buyer - Energy News, Top Headlines, Commentaries, Features & Events
(Reuters) – Commonwealth LNG announced on Monday that it has signed a Sale and Purchase Agreement with a major Asian energy company. Under the 20-year agreement, the buyer will purchase 1 million tonnes per annum (mtpa) of liquefied natural gas (LNG) from Commonwealth’s planned 9.5 mtpa facility in Cameron, Louisiana, the company said. Last week, ...
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