April 3, 2014 / 1:45 PM / in 4 years

Italy's Enel close to 20-year U.S. LNG deal with Cheniere

ROME, April 3 (Reuters) - Italian utility Enel is close to signing a 20-year supply deal with U.S. liquefied natural gas (LNG) producer Cheniere Energy, Enel CFO Luigi Ferraris told Reuters on the sidelines of a conference in Rome.

The deal is for 1 billion cubic metres of shale gas per year over a 20-year period, and could be extended for a further 10-year term, he said at a presentation of Italian renwable group Enel Green Power.

The deal comes after Spain’s Endesa, which is controlled by Enel, signed a deal with Chienere Energy for 1.5 million tonnes of LNG for 20-years on Wednesday.

Reporting by Alberto Sisto; Writting by Oleg Vukmanovic

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