LNG Venture Reaches Tentative Supply Deal With Petronet

Law360, New York (April 25, 2013, 6:06 PM EDT) -- Houston-based United LNG LP has crafted a preliminary deal to supply India's Petronet LNG with fuel from a Gulf of Mexico project that it is co-developing with Freeport McMoRan Energy LLC, the companies announced Thursday.

Per the conditional agreement, Petronet is looking to purchase a minimum of 4 million tons of liquefied natural gas every year for 20 years in what is expected to be its first U.S.-based supply off-take agreement for LNG.

Financial details of the agreement, which will score LNG from United and Freeport's...
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