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Friday, May 30, 2014 7:46:19 PM
LNG $68.11 +8.9%
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Spain's Iberdrola says U.S. LNG contract worth $5.6 bln
Reuters
7 hours ago
MADRID, May 30 (Reuters) - Spanish power company Iberdrola said on Friday it had signed a 20-year liquefied natural gas (LNG) sale and purchase agreement with Cheniere Energy Inc worth $5.6 billion.
LNG deliveries are due to begin in 2019, Iberdrola said in a statement, allowing the company to fulfill its long-term fuel needs for gas generation plants in Spain and Britain, where it is also a major operator.
(Reporting by Tracy Rucinski; Editing by Sonya Dowsett)
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