Cheniere Energy and Galp Ink 20-Year LNG Agreement for 0.5 Million Tonnes Annually
Portfolio Pulse from Benzinga Newsdesk
Cheniere Energy (NYSE:LNG) has signed a 20-year LNG sale and purchase agreement with Galp Trading S.A., a subsidiary of Galp Energia. Galp will purchase 0.5 million tonnes of LNG annually from Cheniere starting in the early 2030s, contingent on the completion of the Sabine Pass Liquefaction Expansion Project.
August 05, 2024 | 11:33 am
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Cheniere Energy has secured a long-term agreement with Galp Trading for the sale of 0.5 million tonnes of LNG annually, starting in the early 2030s. This deal is contingent on the completion of the Sabine Pass Liquefaction Expansion Project.
The long-term agreement with Galp Trading secures a steady revenue stream for Cheniere Energy, contingent on the completion of the Sabine Pass Liquefaction Expansion Project. This is a positive development for the company's future earnings.
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