HOUSTON, TX / ACCESS Newswire / September 10, 2025 / Monkey Island LNG ("MILNG") announced today the execution of a Memorandum of Understanding (MOU) with an investment-grade International Oil Company (IOC) for the offtake of up to 5.20 million tonnes per annum (MTPA) of liquefied natural gas (LNG). MILNG is developing a 26 MTPA LNG export facility in two phases, with Phase 1 targeting 15.6 MTPA across three trains. This offtake agreement represents the output of MILNG's entire first LNG train in Phase 1.
While the IOC's name remains confidential at this stage, the MOU demonstrates a growing commercial demand for MILNG's TrueCost LNG model featuring a transparent, cost-efficient framework that aligns incentives from gas supplier to LNG buyer.
"Partnering with a company of this caliber highlights the depth of industry confidence in MILNG's next-generation development strategy. This agreement is an unprecedented milestone," said Greg Michaels, CEO of MILNG. "Securing an MOU for up to 5.20 MTPA with an investment-grade counterparty not only validates our commercial model but also provides critical momentum as we move toward regulatory approvals and Final Investment Decision (FID). When converted into a Sales and Purchase Agreement, the total revenue of this deal would likely exceed $35 billion."
The MOU reinforces MILNG's commercial strategy of building long-term, creditworthy offtake partnerships that support financing and development of its 15.6 MTPA Phase 1 of the project. The agreement also aligns with a broader trend of buyers seeking contract transparency and operational reliability in a dynamic global LNG market. MILNG continues to advance commercial and engineering milestones across the project and is in active discussions with additional offtakers for remaining volumes on Phase 1.
Michaels added, "With regulatory advancements underway, engineering contracts awarded, a long-term supply agreement secured, and now a major offtake agreement, MILNG has positioned itself as a next-generation leader in the global LNG marketplace. With the strong market validation on our differentiated development model, we look forward to playing a key role in the next wave of U.S. LNG exports."
Key Highlights
Up to 5.20 MTPA of LNG offtake secured
Agreement covers output of MILNG's first liquefaction train
Total potential revenues exceeds $35 billion when converted to an SPA
Signals strong market demand for MILNG's TrueCost LNG model
Supports progress toward regulatory milestones and FID
About Monkey Island LNG
Monkey Island LNG ("MILNG") is a private company addressing the global energy crisis and growing demand for LNG through the development of critically needed U.S. natural gas infrastructure. Its flagship project, located on Monkey Island in Cameron Parish, Louisiana, sits just 2 miles inland from the Gulf of Mexico near abundant gas supply and features a proven and stable liquefaction technology of COP, an innovative commercial structure, and a low-cost construction plan leveraging an industry-proven EPC contractor McDermott. For more information, go to www.monkeyislandlng.com.
Press Contacts
For Monkey Island LNG:
Greg Michaels, CEO, Monkey Island LNG
Greg.m@mkyisland.com
949-636-5900
Forward-Looking Statement
This communication contains forward-looking statements within the meaning of applicable securities laws. All statements, other than statements of historical fact, are forward-looking statements and involve risks, uncertainties, and assumptions. These include, without limitation, statements regarding the expected scope, design, and timing of the Monkey Island LNG project; the execution, terms, and timing of definitive agreements; anticipated commercial progress; and other future events or developments.
Although Monkey Island LNG ("MILNG") believes the expectations expressed in such forward-looking statements are reasonable, there can be no assurance that they will prove correct. Forward-looking statements are based on current assumptions and are subject to a number of risks and uncertainties, many of which are beyond our control. These risks include, but are not limited to: changes in market conditions, credit and capital markets, and industry norms; failure to successfully execute or complete contracts; changes in project scope, design, or schedules; availability of qualified personnel and resources; contract modifications, cancellations, or disputes; and other factors that could cause actual results to differ materially from those expressed or implied.
Forward-looking statements speak only as of the date of this communication. MILNG undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date hereof, except as required by applicable law. Readers are cautioned not to place undue reliance on forward-looking statements.
SOURCE: Monkey Island LNG
View the original press release on ACCESS Newswire:
https://www.accessnewswire.com/newsroom/en/oil-gas-and-energy/monkey-island-lng-signs-major-mou-for-lng-offtake-with-an-international-oil-comp-1071231
