A Cheniere Energy Partners subsidiary has singed a 20-year agreement to provide liquefied natural gas from its Sabine Pass liquefaction facility in southwest Louisiana to Gas Natural Fenosa, a multinational natural gas and electricity provider based in Spain.
Louisiana Department of Natural Resources Secretary Scott Angelle said this week that the sale and purchase agreement is reportedly worth about $9 billion.
This is the second deal Cheniere has signed in less than a month. The company announced a late-October supply agreement with BG Gulf Coast LNG LLC.
“The success of Cheniere Energy in marketing its potential LNG exports represents the increasing possibilities that energy exploration continues to provide in economic strength and job opportunities in Louisiana,” said Angelle.
“Opening Louisiana’s energy industry to new markets and new consumers means new demands and greater need for supply,” Angelle said. “That can drive growth in the energy exploration, production and transportation industry, in support industries, and in commercial and retail industries that will reap the benefit of workers taking advantage of new jobs and opportunities for greater income. “