ENERGY increased emphasis on fulfilling what has been titled the “ second wave ” of LNG demand , which is predicted to begin in 2023 and rise thereafter . This prediction coincides with the timing of SCT & E LNG ’ s signed Natural Gas Supply Agreement , negotiated by Michaels , which begins at the commencement of the facility ’ s operations around 2023 and ensures a 20-year fixed price for the supply of LNG for SCT & E LNG ’ s customers . This agreement has enhanced the appeal of the facility ’ s LNG for buyers , creating a competitive advantage for the company and its shareholders . Five confirmed MOUs have been signed to date for a total of 5.7 mtpa of LNG , signifying increased momentum for the SCT & E LNG project .
“ The long term , global benefit of our facility is the improved environmental impact it will have in places , such as China and India , where coal is
“ SCT & E LNG will supply inexpensive , stable , and clean burning fuel into parts of the world that desperately need it ”
– Eric Smith , Executive Director of Business Development being used as a primary fuel source and resulting in high levels of pollution in the atmosphere ,” adds Michaels . “ This pollution is causing devastating health consequences for the communities , and natural gas fueled energy will work to greatly improve the air quality of these countries .” Natural gas is known to be twice as clean burning as traditional energy sources , such as oil and coal , and will provide increased benefits through the reduction of pollutants regularly emitted .
A number of key partners have
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