Trader Gunvor Group has agreed a 15-year deal to buy LNG from US producer Commonwealth Projects' Commonwealth LNG.
Gunvor aims to take 1.5m tonnes per annum (mtpa) of LNG from an export project under development in Cameron Parish, Louisiana.
Kalpesh Patel, Gunvor co-head of LNG trading, said: “The agreement with Commonwealth LNG is a significant step in executing Gunvor’s overall strategy of uncovering and securing low cost resources and seamlessly delivering them to high value markets.
"We look forward to working with the Commonwealth team as they continue to progress their project.”
Commonwealth expects to take a final investment decision on the project later next year.
It will have a capacity of 8.4 mtpa.
