Commonwealth LNG has entered an agreement with MET Group, a Switzerland-based energy company, for the purchase of 1 million tons per year of LNG for 20 years from its facility development in Cameron Parish, reports LNG Industry.
MET Group is actively increasing its participation in the LNG market. In 2022, MET imported LNG cargoes to Croatia, Greece, Spain, Belgium and the UK. This year, the company also secured long-term LNG capacities in Germany and expanded its spot capacity reach to Finland.
The terms of the non-binding agreement would commence at the start of commercial operation of the facility in 2027. Read the entire story.