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Spain's Iberdrola says U.S. LNG contract worth $5.6 bln
May 30, 2014 / 11:58 AM / 3 years ago

Spain's Iberdrola says U.S. LNG contract worth $5.6 bln

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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