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Printed by Theodore Reed-Martin,
Editorial Assistant
LNG Business,
Vitality Switch LP introduced that it has entered into three non-binding Heads of Settlement (HOAs) associated to long-term LNG offtake from its Lake Charles LNG mission for an combination of three.6 million tpy.
One of many HOAs specifies {that a} Japanese consortium would buy 1.6 million tpy for a 20-year time period, topic to an choice to convert the offtake association to an fairness participation, offering for a similar quantity of LNG.
Below one other of the HOAs, Chesapeake Vitality Advertising and marketing LLC would provide Lake Charles with 1 million tpy of LNG for a interval of 15 years. Put up liquefaction, Gunvor Singapore Pte Ltd would buy LNG from Chesapeake at a value listed to the Japan Korea Marker (JKM) for a interval of 15 years.
The opposite HOA is with a U.S. buyer, and pertains to a tolling association for 1 million tpy of LNG for a 15-year time period. The HOAs are topic to the negotiation and execution of definitive agreements.
Learn the article on-line at: https://www.lngindustry.com/liquid-natural-gas/14072023/lake-charles-lng-signs-heads-of-agreement-for-a-total-of-36-mtpa/
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