Deals
Cheniere Sells LNG to Engie as More U.S. Gas Set for France
- Companies sign five-year contract for 12 cargoes a year
- Cheniere also has contracts with EDF for LNG supplies
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Engie SA agreed to buy liquefied natural gas from Cheniere Energy Inc., increasing the importance of France as a market for U.S. fuel.
The Houston-based company will ship as many as 12 LNG cargoes a year to France’s Montoir-de-Bretagne regasification terminal under a five-year contract, Engie said Wednesday in a statement. The deliveries, on an ex-ship basis, will start in 2018 at prices linked to northern European markets, Engie said. The LNG can alternatively be shipped to other European terminals.