U.S. gas producer Caturus said on Friday it signed a 20-year agreement to supply 1 million tonnes per annum of LNG to Saudi Aramco from its proposed Louisiana export project.
Last month, Reuters reported the deal, citing sources, between Aramco and Commonwealth LNG, owned and operated by Caturus.
Commonwealth had said it wants to get to 8 mtpa in offtake to get to FID.
Commonwealth’s Phase 1 development will generate an estimated $3.5 billion in annual export revenue, with operations beginning in 2030, the company said in a statement. Commonwealth LNG is the LNG export arm of Caturus’ integrated natural gas platform.
Caturus said Aramco joins a group of companies that have signed long-term contracts with the project, including Glencore, Japan’s biggest power generator JERA, Malaysia’s Petronas, Meruria and EQT Corp.
(Reporting by Sumit Saha in Bengaluru; Editing by Shailesh Kuber)