Blogs

Search Blogs
Search by date
Choose From Date
Choose To Date
SearchClear

Cheniere LNG and PPM Energy Reach Agreement

Cheniere LNG Marketing has signed a 10-year deal with Scottish Power in which Cheniere will supply up to 600,000 MMBtus of natural gas per day to PPM Energy, a subsidiary of Scottish Power. Under the agreement, PPM also will receive an unspecified quanti
April 6, 2006

Cheniere LNG Marketing has signed a 10-year deal with Scottish Power in which Cheniere will supply up to 600,000 MMBtus of natural gas per day to PPM Energy, a subsidiary of Scottish Power. Under the agreement, PPM also will receive an unspecified quantity of LNG that Cheniere obtains through firm supply contracts at its import terminals in the Gulf of Mexico. “PPM’s network of storage capacity and its natural gas marketing platform are assets that complement Cheniere’s LNG receiving network and Cheniere LNG Marketing’s LNG procurement business,” Cheniere LNG marketing president Keith Meyer said. Cheniere currently holds a 30% limited partner interest in the Freeport LNG terminal facility and has three other LNG platforms under development in the Gulf of Mexico where it has 100% ownership. Terry Hudgens, PPM’s CEO, said, “PPM considers this an important strategic relationship that links its growing gas storage supply and marketing business to Cheniere’s leading LNG terminal business.” The news release is here.

Our Story

Sutherland Asbill & Brennan LLP is an international law firm helping the Fortune 100, industry leaders, sector innovators and business entrepreneurs solve their biggest challenges and reach their business goals. Dedicated to unfaltering excellence in client service, we are known for our business savvy and industry intelligence, providing creative and custom solutions for each of our clients. Industry and business experience makes the difference for our clients.

click to watch Videocast: DOL Fiduciary Rule Litigation Impacts
Videocast: DOL Fiduciary Rule Litigation Impacts
Atlanta, GA
Washington, DC
© 2016 Sutherland Asbill & Brennan LLP / Sutherland (Europe) LLP
MYBRIEFCASE
Add this page to MYBRIEFCASE
Add Page to MYBRIEFCASE
News/Commentary - Cheniere LNG and PPM Energy Reach Agreement
Current MYBRIEFCASE Pages
Save ChangesDownload MYBRIEFCASEClear All