LNG

June 26 (LNG) - Freeport LNG, the US export plant being constructed on Quintana Island in Texas, has signed a binding mid-term sales and purchase agreement with global commodities trading company Trafigura for 500,000 tonnes per annum over three years from July 1, 2020. The plan's first three Trains will be brought on stream in sequence, between the end of 2018 and the third quarter of 2019, giving around 15.3 MTPA of output. About 13.4 MTPA of capacity from the first three Trains has been contracted to European and Japanese contract holders, BP of the UK, Germany’s Uniper and Japan’s Jera Co. Inc. and Osaka Gas. The Texas venture, led by US energy entrepreneur Michael Smith, has also entered the authorization process of the Federal Energy Regulatory Commission to construct a fourth Train with 5.1 MTPA of output and with operations starting as early as 2022.