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.