Houston’s Cheniere Energy Inc., the firm building a 200-mile natural gas pipeline in Oklahoma announced Monday it’s subsidiary has entered into a LNG sale and purchase agreement with Vitol Inc.
Cheniere Marketing, LLC agreed to sell 0.7 million tons a year of liquefied natural gas to Vitol for 15 years beginning this year.
. “This agreement continues Cheniere’s commercial momentum and supports our growth plans, while demonstrating the value LNG buyers place on Cheniere’s unique ability to offer flexible solutions tailored to the needs of LNG customers worldwide,” said Jack Fusco, Cheniere’s President and CEO.
Cheniere is developing the $1 billion Midship pipeline to carry natural gas out of Oklahoma’s STACK play. The line begins near Kingfisher and terminates at connections with an existing interstate natural gas pipeline near Bennington, Oklahoma.