Cheniere Energy and GAIL mark the start of 20-year LNG Sale and Purchase Agreement 

Cheniere Energy and GAIL (India) marked the start of their 20-year Sale and Purchase Agreement to supply U.S. sourced LNG to India from Sabine Pass yesterday. One of GAIL’s first shipments loaded at the Cheniere LNG export facility and is now underway.

Cheniere President and CEO Jack Fusco and GAIL Chairman and Managing Director Mr. B.C. Tripathi, who were joined by Consul General Dr. Anupam Ray, as well as representatives from Cheniere and GAIL in a ceremony to mark the occasion yesterday.

The Sale and Purchase Agreement was signed in December of 2011 and started on March 1, 2018. Under the terms of the agreement Cheniere will sell and make available for delivery to GAIL approximately 3.5 million tonnes of LNG per year.

“The commencement of this agreement marks the start of a long and productive relationship between Cheniere and GAIL,” said Mr. Fusco. “India remains an important market for LNG, and one that we hope will continue to show signs of growth. We look forward to decades of mutually beneficial cooperation between Cheniere and GAIL, the leading natural gas company of India.”