ENGIE and AES Andres DR Agree to Joint Marketing Agreement
Posted on Dec 7, 2016 in Liquefaction, LNG Exports, Markets and Competition, Regas Terminals & Capacity | Comments Off on ENGIE and AES Andres DR Agree to Joint Marketing Agreement
ENGIE and AES Andres DR, S.A. (AES Andres), a subsidiary of The AES Corporation, announced that they have agreed to enter into a 12-year binding agreement to jointly market 0.7 million tonnes per annum (mtpa) of LNG in the Caribbean. Under the agreement, ENGIE will provide up to 0.7 mtpa of LNG, primarily from the Cameron LNG terminal in Cameron Parish, La., which is expected to come on line in 2018. AES Andres will provide access to its regasification facility in the Dominican Republic, which has an annual capacity of approximately 1.5 mtpa.