Cheniere, GAIL Celebrate Commencement of 20-Year LNG Contract
Cheniere Energy, Inc. and GAIL (India) Limited today held a ceremony marking the commencement of their 20-year Sale and Purchase Agreement (SPA) to supply U.S.-sourced liquefied natural gas to India from Cheniere’s Sabine Pass liquefaction facility in Louisiana.
The SPA, which was signed in December of 2011, commenced on March 1, 2018. Under the terms of the SPA, Cheniere will sell and make available for delivery to GAIL approximately 3.5 million tonnes of LNG per year.
“The commencement of this agreement marks the start of a long and productive relationship between Cheniere and GAIL,” said Cheniere President and CEO Jack Fusco. “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.”
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