Freeport LNG Marketing has signed a binding mid-term sales and purchase agreement (SPA) with Trafigura for 0.5 million tons per annum (mtpa), to be supplied from its natural gas liquefaction and LNG loading facility on Quintana Island near Freeport, Texas.
Image: Freeport LNG to sell 0.5 million tons per annum of LNG to Trafigura. Photo: courtesy of adamr/ FreeDigitalPhotos.net.
The SPA with Trafigura will commence on July 1, 2020, soon after the expected completion of construction of the third liquefaction train.
Freeport LNG CEO Michael S. Smith said: “We welcome Trafigura’s more than 25 years of global commodity trading experience to Freeport LNG’s expanding operations. We view this as the start of a long-term relationship that will be key in growing our future business.
Trafigura Oil Asia head Hadi Hallouche said: “Trafigura puts the security of supply for its customers at the heart of our LNG strategy. We view this agreement as a further proof of our commitment to this and are proud to count Freeport LNG as our partner.”
Source: Company Press Release