Commonwealth LNG and Gunvor Singapore Pte Ltd Sign Heads of Agreement

Commonwealth Projects, LLC and Gunvor Group Ltd today announced their respective subsidiaries, Commonwealth LNG, LLC and Gunvor Singapore Pte Ltd, have signed a heads of agreement (HOA).

The HOA anticipates the negotiation and finalization of a definitive 15-year liquefied natural gas (LNG) sale-and-purchase agreement (SPA) for 1.5 million tonnes per annum (Mtpa) of LNG offtake from the Commonwealth LNG export project under development in Cameron Parish, Louisiana.