Cheniere Energy, Fenosa sign 20-year gas supply deal

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

Cheniere Energy (LNG) and Gas Natural Fenosa sign a 20-year supply deal for ~1.5M metric tons/year of liquefied natural gas upon commencement of operations of Train 2 from the export facility being developed near Corpus Christi, Tex.

The Corpus Christi project is being designed and permitted for up to three trains, with aggregate design production capacity of 13.5M metric tons/year of LNG; deliveries from Train 2 are expected to occur in 2019

Fenosa is the largest integrated gas and electricity company in Spain and Latin America, and the leading marketer of natural gas on the Iberian Peninsula; last Friday, Spanish power company Iberdrola signed a 20-year deal for Train 1.

LNG +0.6% premarket.