Spain To Take Early Delivery of LNG From Cheniere

Gas Natural Fenosa, the Spanish energy provider, will start taking liquefied natural gas (LNG) shipments from Cheniere Energy's plant in Louisiana in the second quarter of 2016, its chief executive said Tuesday.

Chief executive Rafael Villaseca said Gas Natural, with a contract to receive up to 5 billion cubic metres (bcm) of LNG from Cheniere's Sabine Pass project over 20 years, had expected deliveries to begin in the third quarter of 2017.

 But with the export plant on the Gulf of Mexico running ahead of schedule, the Spanish firm has agreed to start taking 3 bcm of the gas sooner.

"We're bringing forward by more than a year the purchase of 3 bcm under the same conditions," Villaseca said on a conference call with correspondents including from Reuters.

Cheniere, based in Houston, Texas, has firm supply deals with South Korea's state-owned gas buyer KOGAS, Britain's Centrica and BG, and India's GAIL as well.

See also: Gas Natural Fenosa Deals With Cheniere