United LNG, Petronet Sign LNG Deal

United LNG and Petronet LNG Limited, have signed a deal where the former will supply LNG from the Main Pass Energy Hub LNG project in the Gulf of Mexico.

The agreement will provide for United LNG to supply a minimum of 4 MTPA (million tons per annum) of LNG with the potential for additional supply, for a 20-year term through the Main Pass Energy Hub which is being jointly developed by United LNG and Freeport McMoRan Energy.

Additionally, Petronet is exploring the possibility to purchase a stake in United LNG's liquefaction facilities located in the Gulf of Mexico and partner with United LNG.

Main Pass has received a Free Trade Agreement (FTA) LNG export license from the U.S. Department of Energy for the facility to export 24 million tonnes per annum; a Non-FTA application has also been filed and is awaiting DOE approval.