JOVO Group and SCT&E LNG Sign Cooperation Agreement
Posted on May 17, 2016 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on JOVO Group and SCT&E LNG Sign Cooperation Agreement
The JOVO Group and SCT&E LNG, Inc., announced today that they signed a long-term, multibillion-dollar agreement that they state “is a first of its kind between a U.S. LNG developer and a private Chinese LNG terminal owner.” According to the press release, the agreement provides for long-term offtake of LNG from the future SCT&E LNG export terminal to be built on Monkey Island in Cameron Parish, La., and a potential equity investment into the SCT&E LNG facility by the JOVO Group. The LNG supplies would be sent to markets in Southern China, primarily to the Guandong Province.