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Grain LNG said on Wednesday it had signed a 10-year deal with Sonatrach to extend the Algerian company’s long-term storage and redelivery capacity at Europe’s largest liquefied natural gas (LNG) import terminal beyond January 2029.
The agreement is for 125 gigawatt hours per day (GWh/d) of import capacity, equivalent to 3 million metric tons per annum (mtpa) of LNG, and is the first to be announced under Grain LNG’s competitive auction process which was launched in September for 9 mtpa of existing capacity.