Britain's Ineos Signs 20-year LNG Deal with Sempra Infrastructure

INEOS Energy has signed with Sempra Infrastructure for 1.4 million tonnes per annum of LNG for 20 years, marking INEOS' entry into the global LNG market.

Nora Buli, Reuters

Britain's INEOS Energy, part of INEOS Group, has signed an agreement with U.S. firm Sempra Infrastructure for the supply of 1.4 million tonnes per annum of LNG from North America for 20 years, it said on June 22.

It marks INEOS' entry into the global LNG market, with the volumes intended both for trading and supplying of INEOS' own industrial needs in Europe.

The LNG will be delivered free-on-board, from either the proposed Port Arthur LNG Phase 1 project or the Cameron LNG Phase 2 projects in the U.S. Gulf, INEOS Energy said.

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