Glencore and Mercuria Agree to Buy More LNG From Commonwealth

Glencore Plc. and Mercuria Energy Trading SA agreed to increase liquefied natural gas purchases under 20-year deals with an export terminal Kimmeridge Energy Management Co. is developing in Louisiana, according to people familiar with the matter.

Glencore now plans to buy 3 million tons of fuel annually from the proposed Commonwealth LNG plant, up 50% from its initial deal, according to the people who declined to speak publicly because the agreement is confidential. Mercuria will buy 1.5 million tons a year, up from 1 million, one of the people said.