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(From Lloyds List)
Byline: Tony Gray
A pioneering $6bn liquefied natural gas supply deal has been signed between Sakhalin Energy Investment and Shell which will see Russian natural gas make its debut in North American markets.
Singapore-based Shell Eastern Trading is taking 37m tonnes of LNG over a 20-year period to supply the Energia Costa Azul plant that will be constructed in Baja California, Mexico.
Shell is taking 50% of the regasification terminal's capacity.
The Sakhalin Energy agreement calls for significantly higher volumes of LNG deliveries during the first three years, with a plateau supply of 1.6m tonnes a year (about …