Portuguese Firm Inks Deal for Access to US LNG

© Mike Mareen / Adobe Stock
© Mike Mareen / Adobe Stock

Portuguese oil and gas company Galp has signed a sales and purchase agreement (SPA) with liquefied natural gas (LNG) producer and exporter Cheniere for access to U.S. LNG.

The agreement includes a 20-year 0.5 mtpa delivery contingent to FID of the second train of Sabine Pass Liquefaction Expansion Project, currently under development.

The deal also entails access to a limited number of early cargoes, from 2027 and up to the start of the second train.

Galp´s volumes will be purchased on a FOB basis and priced indexed to Henry Hub plus a fixed liquefaction fee.

“This agreement further enhances Galp’s LNG sourcing basket with access to competitive U.S. volumes, adding flexibility and diversity to its portfolio,” the company said in a statement.

Current News

Tyra II Gas Development Set to Go Full Steam from Next Week

Tyra II Gas Development Set to

TGS Gets Shallow-Water OBN Job off Trinidad

TGS Gets Shallow-Water OBN Job

Borr Drilling’s Rig Up for 120-Day Drilling Campaign off West Africa

Borr Drilling’s Rig Up for 120

US Set for Oil and Gas Lease Round in Gulf of Mexico

US Set for Oil and Gas Lease R

Subscribe for OE Digital E‑News

Offshore Engineer Magazine