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Range Resources Corp. has signed its first two LNG supply agreements subject to commencement of the projects. The Company entered into an agreement with an affiliate of Cheniere Energy, Inc to supply gas to the Sabine Pass LNG terminal on the Gulf Coast.
The Sabine Pass facility is expected to commence service in late 2015. Range is expected to supply gas to the facility for five years starting in 2017. Range also signed an agreement with another company to supply natural gas to another LNG terminal for a term of ten years.
Further, Range is in active discussions with several major international companies to supply natural gas to other LNG facilities. The Company has existing firm capacity agreements to supply gas to these LNG customers.