Cheniere inks LNG supply deal with New Fortress

US LNG exporter Cheniere signed a deal earlier this year to supply liquefied natural gas to a unit of compatriot New Fortress Energy for a period of six years.

Cheniere Marketing and Corpus Christi Liquefaction, both units of Cheniere, revealed this in a letter sent to the Department of Energy (DOE) on August 11, but the letter was not available for the public until recently.

According to the letter, Cheniere Marketing and NFE North Trading first signed the sales and purchase agreement on December 20 and then amended the deal on July 15.

Under the amended deal, Cheniere’s marketing unit would deliver some 0.6 million mt to 1 million mt per year of LNG from the Corpus Christi plant to NFE on a free on board basis, the letter said.

In addition, the deal allows Cheniere Marketing to deliver LNG to NFE from other sources as well, including from the Sabine Pass LNG terminal.

The supplies would last for six years, beginning in 2021.

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

NFE securing volumes for LNG and power business

This is not the first deal that Cheniere has not announced publicly.

Similar to this contract, Cheniere’s units recently revealed a supply deal with France’s Engie in a letter sent to DOE as well.

On the other side, Wes Edens-led NFE said in July it had reached a deal for LNG supply that would cover the remaining volumes for its existing natural gas and electricity businesses through the end of 2027.

The firm did not reveal the name of the seller then but it said that the LNG volumes would cover about 100 percent of its expected needs for its portfolio of five terminals and assets across the Caribbean, Mexico but also Central America for the next six years.

NFE also said that it had expected to secure additional LNG supply volumes later this year to support its four terminals in Brazil, which should go online in 2022.

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