AsiaContracts and Tenders

China’s Foran Energy inks preliminary LNG deal with Cheniere

By Mirza Duran
China's Foran Energy inks preliminary LNG deal with Cheniere
Image: Cheniere Energy

Chinese independent gas firm Foran Energy said it has signed a heads of agreement to buy LNG from US exporter Cheniere.

Under the deal, Foran Energy would buy 26 cargoes from Cheniere over the 2021-2025 period, it said in a statement.

Furthermore, the prices would be linked to the US Henry Hub benchmark.

This agreement is not final. The duo agreed to negotiate and finalize the deal by the year-end, according to Foran Energy.

This is not the first deal for the Chinese indpendent as it signed a supply accord with UK-based energy giant BP earlier this year.

Under that agreement, BP will be supplying up to 600,000 tonnes of LNG per year to China’s Guangdong province.

BP and Foran are both shareholders in China’s first LNG import terminal, Guangdong Dapeng.

Most Popular

Contracts and Tenders

Galp wins Calcasieu Pass arbitration against Venture Global

Portuguese energy firm Galp has won an arbitration case against US LNG exporter Venture Global LNG over LNG sales from the Calcasieu Pass plant in Louisiana.
Vessels

MISC to order five more LNG carriers for Petronas charter

Malaysian shipping firm MISC will order five additional newbuild 174,000-cbm liquefied natural gas (LNG) carriers at China's Hudong-Zhonghua. The vessels will serve a 20-year charter with a unit of MISC's parent, Petronas.
Contracts and Tenders

Seatrium scores Excelerate FSRU conversion gig

Singapore's Seatrium has secured a floating storage and regasification unit conversion contract with an option for a second contract from US FSRU player Excelerate Energy.

More News Like This

LNG Terminals

Cheniere’s Corpus Christi Trains 8 and 9 project 55.6 percent complete

US LNG exporter Cheniere continues to progress construction on its Corpus Christi Midscale Trains 8 and 9 project in Texas.
Contracts and Tenders

Cheniere, Petrobras seal long-term LNG SPA

US LNG exporter Cheniere has signed a long-term LNG sale and purchase agreement with Brazil’s state-owned energy firm Petrobras
LNG Terminals

US FERC issues final EIS for Cheniere’s Sabine Pass expansion project

The US Federal Energy Regulatory Commission (FERC) has released a final environmental impact statement for Cheniere’s planned Sabine Pass Stage 5 expansion project. The regulator confirmed that construction and operation of the LNG project would result in “some adverse environmental effects; however, effects would be reduced to less-than-significant levels.”
LNG Terminals

FERC issues draft EIS for Cheniere’s Corpus Christi Stage 4 project

The US Federal Energy Regulatory Commission (FERC) has released a draft environmental impact statement for Cheniere’s planned Corpus Christi Liquefaction Stage IV expansion project in Texas. The regulator concluded that construction and operation of the LNG project would result in “some adverse environmental effects; however, effects would be reduced to less-than-significant levels.”