Commonwealth Projects LLC in Talks with Asian Firm for LNG Offtake Agreement, an Industrial Info Market Brief

Commonwealth Projects LLC has begun talks with Gunvor, a commodities trading firm in Singapore, for an offtake agreement for 1.5 million tons per year of liquefied natural gas (LNG) over a 15-year term. This is five years shorter than the standard 20-year agreement and would represent 15-20% of the planned total LNG production from the site in Hackberry, Louisiana. Industrial Info is tracking nine Commonwealth projects worth more than $4.4 billion. Click here for the project list.