Commonwealth LNG announced on Monday that it has signed a Sale and Purchase Agreement with a major Asian energy company.
Under the 20-year agreement, the buyer will purchase 1 million tonnes per annum (mtpa) of liquefied natural gas (LNG) from Commonwealth’s planned 9.5 mtpa facility in Cameron, Louisiana, the company said.
Last week, Reuters reported that Malaysian state-owned oil and gas firm Petroliam Nasional, or Petronas, was in talks with Commonwealth LNG to buy liquefied natural gas.
(Reporting by Ashitha Shivaprasad and Sherin Elizabeth Varghese in Bengaluru, Editing by Franklin Paul)