Signs HOA anticipating the negotiation of a 15-year SPA
Commonwealth LNG, a subsidiary of Commonwealth Projects, LLC, has signed a heads of agreement (HOA) with commodities trading house Gunvor Singapore Pte Ltd., a subsidiary of Gunvor Group Ltd.

The HOA lays the groundwork for the negotiation of a definitive 15-year, 1.5 Mtpa sale and purchase agreement (SPA), supplied by Commonwealth’s forthcoming Cameron, Louisiana-based LNG facility. Commonwealth expects a final investment decision on the project late next year.

Source: Commonwealth LNG

Commonwealth LNG’s Gulf Coast export terminal is currently under development. It expects final FERC approval in Q3 of this year, a financial close and the start of construction in Q1 2021, and...

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