AmericasContracts and Tenders

Cheniere Energy Partners inks deal to sell 30 LNG cargoes

By LNG Prime Staff
Cheniere Energy Partners inks deal to sell 30 LNG cargoes
For illustration only (Image: Cheniere Energy)

A unit of Cheniere Energy Partners recently signed a deal to sell up to 30 cargoes of LNG to a subsidiary of parent company Cheniere Energy.

Under the deal signed on December 9, Sabine Pass Liquefaction will deliver the cargoes to Cheniere’s unit Cheniere Marketing International in 2021.

The price of the cargoes includes a rate equal to 115% of Henry Hub natural gas futures plus a premium of $0.728 per one million British thermal units, according to a stock exchange filing.

To remind, Houston-based Cheniere formed Cheniere Energy Partners to develop the $25 billion Sabine Pass terminal, currently the largest US LNG export facility.

Furthermore, Blackstone Group recently completed the sale of its 42% stake in Cheniere’s limited partnership to Brookfield Infrastructure and its own affiliated company.

Cheniere’s partnership now operates five trains at the 30 mtpa facility in Louisiana but it is also building a sixth.

Most Popular

Vessels

UK sanctions four LNG carriers

The UK government has imposed sanctions on four more liquefied natural gas carriers linked to Russian LNG exports.
Contracts and Tenders

ExxonMobil pens HoA to supply South African LNG terminal

Zululand Energy Terminal announced on Wednesday that it has signed the initial agreement with ExxonMobil South Africa LNG, an...
Research and Development

Knutsen working on nuclear-powered LNG tanker

Norwegian owner Knutsen is exploring the possibility of retrofitting a small nuclear reactor on its steam liquefied natural gas (LNG) carrier.

More News Like This

LNG Terminals

Cheniere completes sixth train at Corpus Christi expansion project

US LNG exporter Cheniere has reached substantial completion of the sixth liquefaction train at the Corpus Christi Stage 3 expansion project in Texas.
Contracts and Tenders

Cheniere, Bechtel seal EPC deal for first Sabine Pass LNG expansion phase

A unit of Cheniere Energy Partners has entered into a lump sum, turnkey, engineering, procurement, and construction (EPC) contract with Bechtel for the first phase of the Sabine Pass LNG expansion project in Louisiana. In addition, Bechtel has received a limited notice to proceed to start early engineering and procurement for the project.
LNG Terminals

Cheniere reports $3.5 billion net loss, higher revenue in Q1

US LNG exporting giant Cheniere reported a first-quarter net loss of $3.5 ​billion and revenue of $5.87 billion, a rise of 7.8 percent year-on-year.
LNG Terminals

Corpus Christi Stage 3 project 96.5 percent complete

The Stage 3 expansion project at Cheniere’s Corpus Christi LNG export plant in Texas is 96.5 percent complete, according to the latest construction update.