Spanish power company Iberdrola (IBE.MC) said on Friday it had signed a 20-year liquefied natural gas (LNGLF) (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
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