JOVO Group and SCT&E LNG Sign Cooperation Agreement

The JOVO Group and SCT&E LNG, Inc., announced today that they signed a long-term, multibillion-dollar agreement that they state “is a first of its kind between a U.S. LNG developer and a private Chinese LNG terminal owner.”  According to the press release, the agreement provides for long-term offtake of LNG from the future SCT&E LNG export terminal to be built on Monkey Island in Cameron Parish, La., and a potential equity investment into the SCT&E LNG facility by the JOVO Group.  The LNG supplies would be sent to markets in Southern China, primarily to the Guandong Province.




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