Centrica Starts Buying Cheniere LNG Under 20-year Contract
9/30/2019
LONDON (Reuters) — Centrica has begun buying liquefied natural gas (LNG) from U.S. producer Cheniere under a long-term contract, the UK utility said in a statement on Monday.
The first cargo was loaded on LNG tanker Gaslog Skagen over the weekend of Sept. 28-29 and is heading to Europe, Centrica said.
Under their 20-year contract, Centrica will buy around 1.75 million tons of LNG per year from Train 5 of Cheniere’s Sabine Pass production facility in Louisiana.
The cargoes will be loaded on a free-on-board (FOB) basis, meaning Centrica chooses their destinations.
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Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
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