EDF inks 20 year LNG deal with U.S. Cheniere Energy
21/07/2014
10:52
Natural Gas
French energy giant EDF entered into 20-year liquefied natural gas (LNG) sale and purchase deal with Cheniere Energy, Inc. in Texas.
Under the deal, EDF has agreed to buy 380,000 tons of liquefied natural gas from the second phase, or train, of the LNG export facility under development in Corpus Christi, Texas. Another 770,000 tons of LNG would come from Train 3 once it is completed. The export terminal in Corpus Christi is being designed for up to three trains with a net production capacity of 13.6 million tons of LNG per year. Cheniere expects LNG exports from the Corpus Christi Liquefaction Project could begin as early as 2018.
