LNG / CNG | LNG Projects | Contract Awarded
Veresen, Itochu Reach Long-Term Jordan Cove LNG Deal
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Veresen Inc. has reached preliminary agreement with respect to certain key commercial terms with ITOCHU Corporation for the long-term sale of natural gas liquefaction capacity at the Jordan Cove LNG facility. Veresen is developing the Jordan Cove LNG facility in the International Port of Coos Bay in Oregon, USA.
The preliminary agreement signed today contemplates the purchase by ITOCHU of 1.5 million tonnes per annum of natural gas liquefaction capacity for an initial term of 20 years. This agreement is subject to the negotiation of a mutually acceptable, definitive liquefaction tolling agreement, which Veresen and ITOCHU will continue to work together to conclude.
In conjunction with the agreement between Veresen and JERA Co., Inc., announced on March 22nd, Veresen has now concluded key…
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