GM&TS to purchase 1.2 million tons of LNG a year in Cameroon

Gazprom Marketing and Trading Singapore (GM&TS), Perenco and Société Nationale des Hydrocarbures signed a Sales & Purchase Agreement for 1.2 million tons of LNG a year from the Hilli FLNG terminal in Cameroon.

The agreement was concluded for an eight-year term. Supplies on an FOB basis will start in 2017.

LNG from the Hilli floating terminal will strengthen the GM&TS global portfolio and boost the company's position in the global market.