Commonwealth LNG, Gunvor reach offtake agreement

Commonwealth LNG signed an offtake agreement with Gunvor committing the latter to take up to 3 million tonnes/year (tpy) of production from Commonwealth’s plant, to be sited on the Calcasieu River near Cameron Parish, La., plant. Gunvor will also market the plant’s remaining 5.4-million tpy output.

Commonwealth expects to make a final investment decision on the plant first-quarter 2021 and deliver its first shipments of LNG second-quarter 2024. Both dates are one quarter later than was the case when the US Federal Energy Regulatory Commission accepted Commonwealth’s permit application in September 2019.

Commonwealth’s planned liquefaction plant would include six 1.4-million tpy trains, six 40,000-cu m storage tanks, one marine loading berth (capable of loading LNG carriers up to 216,000 cu m), and a 3.04-mile, 30-in. OD natural gas supply pipeline.