Cheniere, Vitol Sign 15-Year LNG Sale and Purchase Agreement
Cheniere Energy Incorporated (NYSE:LNG) (Houston, Texas), through subsidiary Cheniere Marketing LLC, signed an agreement with Vitol Incorporated (Rotterdam, Netherlands) in which Vitol will purchase about 0.7 million tonnes per annum of liquefied natural gas (LNG) from Cheniere for about 15 years, beginning in 2018. Industrial Info is tracking more than $35.6 billion in active projects involving Cheniere, including its Corpus Christi and Sabine Pass LNG projects.
Last month, Cheniere Energy (NYSE:LNG) has signed a 25-year sales and purchase agreement with CPC Corporation of Taiwan for 2 million metric tons of LNG per year.
See below for a graph showing projected U.S. LNG capacity by 2020, by LNG facility.