Commonwealth LNG, MET Group sign LNG HOA
Commonwealth LNG, MET Group sign LNG HOA
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Natural Gas News
Commonwealth LNG, MET Group sign LNG HOA
Summary
Commonwealth LNG will supply 1mn tonnes/year of LNG for 20 years. [Image: Commonwealth LNG] by: Shardul Sharma
Commonwealth LNG, a US LNG company, has entered into a heads of agreement (HOA) with Swiss MET Group for the supply of 1mn tonnes/year of LNG for 20 years, the companies announ...
Related Knowledge Center: Liquefied natural gas
Driven by plentiful natural gas produced from shale plays, the United States began exporting liquefied natural gas in 2016 when the Sabine Pass terminal in Louisiana opened and shipped its first cargo. Since then, additional capacity, or trains, have been added to Sabine Pass, and terminals have become operational in Cameron Parish, La.; Hackberry, La.; Cove Point, Md.; and Corpus Christi, Texas. The Energy Information Administration projects that U.S. LNG export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world, behind Australia and Qatar. The tariff war with China has the potential to impact some final investment decisions for additional terminals in the coming months.