Energy Transfer to supply LNG to China Gas
Tuesday, 7 June 2022
Energy Transfer LNG, a unit of US energy company Energy Transfer LP, entered into a deal to supply 0.7 million tonnes of liquefied natural gas a year to China Gas Holdings on a free-on-board basis for 25 years, the companies said on Sunday, reports Reuters.
The purchase price is indexed to the Henry Hub benchmark plus a fixed liquefaction charge and first deliveries are expected to start in 2026, the statement said.
The agreements will become fully effective upon the satisfaction of the conditions precedent, including Energy Transfer LNG taking final investment decision (FID).