Reuters: Cheniere, Gas Natural LNG deal worth $13B

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

Cheniere Energy's (LNG +1.3%) 20-year gas supply deal with Gas Natural Fenosa is worth $13B, a source with knowledge of the deal tells Reuters; the companies did not disclose the value of the agreement when they made it public earlier today.

The deal foresees Gas Natural buying 1.5M metric tons/year of liquefied natural gas from LNG's proposed plant in Corpus Christi, Tex., starting in 2019.

The Spanish company last month said it would start receiving LNG from another Cheniere plant in Louisiana in Q2 2016, about a year ahead of schedule.