Cheniere and Gas Natural Fenosa Sign MOU for LNG Processing at Sabine Pass Facility
Posted on Nov 30, 2010 in LNG Exports, Markets and Competition, Regas Terminals & Capacity | Comments Off on Cheniere and Gas Natural Fenosa Sign MOU for LNG Processing at Sabine Pass Facility
Yesterday Cheniere Energy Partners, L.P. and Gas Natural Fenosa announced that they have agreed to a non-binding Memorandum of Understanding (MOU) that would grant Gas Natural Fenosa 1.5 Mtpa of bi-directional LNG processing capacity at the Sabine Pass LNG facility. The agreement is contingent upon a number of conditions precedent, including Cheniere securing the necessary regulatory approvals and eventually constructing the necessary liquefaction equipment. This announcement follows a similar agreement between Cheniere and ENN Energy Trading.