$CQP,...Cheniere, GE sign $1B service deal for Sabine Pass LNG export terminal
Cheniere Energy Partners (NYSEMKT:CQP) and GE sign a $1B, 20-year deal to provide services and parts for the Sabine Pass liquefied natural gas export terminal in Louisiana.
GE will provide spare parts and planned inspections, maintenance services and round-the-clock technical support for the gas turbines and refrigerant compressors on the first four liquefied natural gas trains now under construction at the Sabine Pass export facility.
Each train will have six gas turbines and is expected to have nominal capacity to produce ~4.5M metric tons/year of LNG.
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