Under the terms of the agreement, GAIL will purchase approximately 3.5 million tonnes per annum ("mtpa") of LNG from train four.
Prior to the commencement of train four operations, GAIL will purchase bridge volumes of approximately 0.2 mtpa upon the commencement of operations of train two.
Currently, Sabine Liquefaction is developing a liquefaction project at the Sabine Pass LNG terminal that would include up to four liquefaction trains capable of producing up to 18 mtpa of LNG.
Sabine Liquefaction is targeting selling about 14 mtpa of the capacity under long-term SPAs.
The project is being developed in phases.
Sabine Liquefaction recently has reached its targeted annual contract quantity of 7 mtpa for the first phase and is advancing towards making a final investment decision for the development and construction of two liquefaction trains.
The SPA with GAIL represents the first contract for the second phase of the project, which will also include two liquefaction trains with combined production capacity of 9 mtpa.
Delivery of the bridge volumes are to occur with the commencement of operations of train two, which is expected in 2016.
Deliveries from train four are to occur upon commencement of its operations, which is expected as early as 2017.
Sabine Liquefaction is a wholly owned subsidiary of Cheniere Energy Partners.
