Cheniere inks LNG supply deal with Engie

US LNG exporter Cheniere has signed a deal to supply liquefied natural gas to France’s Engie for a period of eleven years.

Cheniere Marketing and Corpus Christi Liquefaction, both units of Cheniere, revealed this in a letter sent to the Department of Energy (DOE) on July 23, but the letter was not available for the public until recently.

According to the letter, Cheniere and Engie signed the sales and purchase agreement on June 23.

Under the deal, Cheniere’s marketing unit would deliver 0.4 million mt to 1.2 million mt per year of LNG to Engie on a free on board basis, the letter says.

Also, the US firm would supply the volumes from the Corpus Christi plant in Texas, beginning in 2021, it said.

Cheniere’s units did not provide any additional information regarding the contract.

Several new LNG deals

This new contract adds to three LNG supply deals Cheniere recently signed with China’s Sinochem Group, Glencore, and a unit of Chinese independent gas distributor ENN.

However, Cheniere announced all these deals via official statements, but not the Engie deal.

Cheniere’s marketing unit and Engie signed a 5-year deal back in 2015 for the delivery of LNG cargoes on an ex-ship basis primarily to the Montoir de Bretagne regasification terminal in France.

The SPA included the delivery of up to 12 cargoes per year, from 2018 to 2023, with the contract prices linked to Northern European indices.

Last year, Engie said it has decided to pull out of talks with US player NextDecade to buy LNG from the proposed Rio Grande export plant in Texas.

Several reports said then that the French government had pressured Engie to cancel the talks due to the effects of shale gas extraction methods such as fracking and their impact on climate change. Engie has not commented on these claims.

- Advertisements -

Most Popular

Samsung Heavy to sue Russia’s Zvezda over LNG carrier contract termination

South Korean shipbuilding giant Samsung Heavy Industries said it will sue Russian shipbuilder Zvezda after the latter decided to...

LNG freight rates, European prices climb

Spot charter rates for the global liquefied natural gas (LNG) carrier fleet and European prices increased this week compared...

Excelerate says Bangladesh FSRU to resume ops by end of July

US-based Excelerate Energy expects its FSRU Summit LNG, which serves Bangladesh’s second LNG terminal located offshore Moheshkhali Island in...

More News Like This

France’s Elengy, SPSE join forces on CCS project

French LNG terminal operator Elengy, a unit of Engie’s GRTgaz, and compatriot pipeline and storage firm SPSE have joined...

Cheniere’s Corpus Christi expansion project almost 58 percent complete

The Stage 3 expansion project at Cheniere’s Corpus Christi LNG export plant in Texas is almost 58 percent complete,...

Cheniere: Q1 revenue down to $4.3 billion, Corpus Christi expansion 56 percent complete

US LNG exporting giant Cheniere reported a 42 percent drop in its quarterly revenue due to lower prices, while...

Flex clinches another LNG carrier charter extension

Norwegian shipping firm Flex LNG, the owner of 13 liquefied natural gas carriers, has secured a time charter extension...