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.
