New Fortress Energy announced Monday it’s signed a long-term supply agreement for the purchase of 27.5 trillion British thermal units per annum (0.55 million metric tonnes annually) of liquefied natural gas, or roughly eight cargoes a year, at a price indexed to the Henry Hub natural gas price through January 2030.

This agreement will support the continued growth of New Fortress’ customer base in international markets as the company develops LNG terminals and natural gas infrastructure, Kallanish Energy understands.

“This agreement supports our efforts to spur economic growth and reduce emissions as we deliver more affordable and cleaner energy to our customers,” said New Fortress chairman and CEO Wes Edens. “We evaluated a broad range of competitive offers to meet the expansion of our LNG terminals across international markets. We’re pleased to take advantage of the dislocation in global LNG markets and secure 10 years of offtake for our growing business.”

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