Tellurian Inc. announced on June 3 it has finalized a liquefied natural gas (LNG) sales and purchase agreement (SPA) with Vitol Inc. . (Logo quoted from Yahoo’s image)

The SPA is for three million tonnes per annum (mtpa) on a free on board (FOB) basis at Driftwood LNG for a ten-year period, indexed to a combination of two indices: the Japan Korea Marker (JKM) and the Dutch Title Transfer Facility (TTF), each netted back for transportation charges. 

The agreement is valued at approximately $12 billion in revenue over ten years.

(IRuniverse)