Gunvor Signs LNG Marketing & Gas Supply Agreement with Commonwealth LNG
Posted on Dec 4, 2019 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Gunvor Signs LNG Marketing & Gas Supply Agreement with Commonwealth LNG
Gunvor Group Ltd. (Gunvor) and Commonwealth LNG announced that they have entered into a Strategic LNG Marketing & Gas Supply Agreement in relation to Commonwealth LNG’s proposed liquefaction and LNG export project in Cameron Parish, La. According to the press release, under the agreement, Gunvor will support Commonwealth in securing binding LNG offtake and gas supply agreements for the full capacity of the facility. In addition, Gunvor will commit to take up to 3 million tonnes per annum of LNG offtake from the facility. Commonwealth LNG expects to make a final investment decision on the project in Q1 of 2021 and deliver its first shipments of LNG in Q2 of 2024.