Cheniere Energy, Electricite de France sign 20-year LNG deal

|About: Cheniere Energy, Inc (LNG)|By:, SA News Editor

Cheniere Energy (NYSEMKT:LNG) signs another liquefied natural gas supply agreement for its export facility being developed in Corpus Christi, Tex.

Electricite de France (OTC:ECIFF) agrees to purchase 380K metric tons/year of LNG upon commencement of operations of Train 2 of the export facility and more than doubling to ~770K metric tons/year upon the start of operations of Train 3.

The Corpus Christi liquefaction project is being designed and permitted for up to three trains, with aggregate design production capacity of 13.5M metric tons/year of LNG.