US energy group Cheniere Energy has signed a 20-year LNG sale and purchase agreement (SPA) with Central El Campesino for the delivery of approximately 0.6 Mt/year of LNG from its Corpus Christi liquefaction project as of 2019. Cheniere is currently constructing three 4.5 Mt/year liquefaction trains at its existing regasification facility near Corpus Christi, Texas (United States) and the 13.5 Mt/year LNG plant will be fully operational in 2019. The LNG would be delivered ex-ships to a proposed 3 Mt/year floating storage regasification unit (FSRU), Penco Lirquén LNG Terminal, in Chile, developed by Octopus LNG, a 50-50 joint venture of Cheniere Energy and the Chilean company Biobiogenera. Biobiogenera will use the gas for a 640 MW gas-fired CCGT power project, developed in partnership with EDF. In order to reach a final investment decision and commence construction on the Central El Campesino power plant and the Penco Lirquén LNG Terminal, both projects must receive regulatory approvals and obtain financing.
Interested in LNG Databases?
World LNG Database offers a complete set of data on LNG markets. The service provides detailed information on existing and planned liquefaction and regasification plants. It also includes LNG shipping around the world, LNG contracts, time series on regasification and liquefaction capacities, LNG flows and LNG prices for all players in the market.