Houston, Texas-based Cheniere Energy has signed a five-year deal to supply France’s Engie S.A. with cargoes of liquefied natural gas (LNG), the American firm announced on Wednesday.
The deal, which runs from 2018 to 2023, will see up to 12 cargoes per year (up to approximately 222 million MMBtus in total) delivered to France’s Montoir-de-Bretagne regasification terminal. An MMBtu is one million British Thermal Units (where BTU is a measure of the energy content in fuel).
The LNG will be produced at Cheniere’s liquefaction terminals in Sabine Pass, Louisiana and Corpus Christi, Texas.
Cheniere sees Europe as a potentially huge market for the LNG glut expected to come from the US’ shale-gas boom.
Engie is a French multinational electric utility firm with headquarters in La Defense, Courbevoie.
