Cheniere Energy (LNG) Celebrates Official Start of 20-Yr LNG Contract with Korea Gas Corp.

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Cheniere, KOGAS Celebrate Commencement of 20-year LNG Contract

June 25, 2017 4:36 PM EDT

HOUSTON and SEOUL, South Korea, June 25, 2017 /PRNewswire/ -- Cheniere Energy Inc. (NYSE MKT: LNG) and Korea Gas Corporation (KOGAS) today hailed the commencement of their 20-year Sales and Purchase Agreement (SPA) to supply U.S.-sourced LNG to KOGAS from the Sabine Pass Liquefaction facility in Louisiana. The SPA, which was originally signed in January of 2012, officially commenced on June 1, 2017, with the first cargo loading the following day.

Under the terms of the SPA, Cheniere shall sell and make available for delivery to KOGAS... More