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Saudi Aramco Signs Long-Term LNG Supply Agreement in Louisiana
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Why This Matters
Saudi Aramco signed a long-term LNG supply agreement with Commonwealth LNG, committing to 1 million tons of annual shipments from a Louisiana facility with a 9.5 million tons capacity.
Market Impact
Market impact analysis based on bullish sentiment with 80% confidence.
Sentiment
Bullish
AI Confidence
80%
Time Horizon
Short Term
Article Context
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Saudi Aramco signed a long-term supply deal with Commonwealth LNG, Reuters has reported, citing unnamed sources in the know. The size of the annual shipments will be 1 million tons. The Cameron, Louisiana, facility will have a nameplate annual capacity of 9.5 million tons of liquefied gas. Originally, the plant was supposed to be up and running by 2027, but the developer said last year it would have to delay the start date to 2031. The company blamed the temporary ban on new liquefied natural gas capacity that the Biden administration imposed on…
Original article published by
OilPrice.com
on January 15, 2026.
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