Australia-listed Liquefied Natural Gas Ltd signs 20 year pact to supply US LNG to India


Australia-listed Liquefied Natural Gas Ltd signs 20 year pact to supply US LNG to India

Australia-listd Liquefied Natural Gas Ltd (LNG Ltd) has signed a pact to potentially supply gas from its planned Magnolia LNG project in the US to India for 20 years.

LNG Ltd signed a Heads of Agreement (HOA) with Vessel Gasification Solutions, Inc (VGS) for supply of 4 million tonnes a year of LNG from its Lake Charles, Louisiana, project for 20 years, the company said in a statement.

“The non-binding HOA provides for a 20-year Free-on-Board (FOB) Sale and Purchase Agreement (SPA) of up to 4 million metric tonnes per annum” of liquefied natural gas, it said. Read More…

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