Cheniere pens long-term LNG supply deal with Glencore

US LNG exporter Cheniere has signed a long-term deal to supply liquefied natural gas to a unit of Switzerland-based trader Glencore.

Under the sales and purchase deal, Cheniere’s marketing unit would supply about 0.8 million tonnes per annum of LNG to Glencore on a free-on-board basis for a term of about 13 years beginning in April 2023.

Cheniere said in a statement on Monday the Henry Hub-linked LNG deal would include a fixed liquefaction fee.

This new contract comes just two weeks after Cheniere signed a deal with a unit of Chinese independent gas distributor ENN.

“This SPA further builds upon Cheniere’s commercial momentum, marking another important milestone in contracting our LNG capacity ahead of an FID of Corpus Christi Stage 3, which we expect to occur next year,” Cheniere’s chief executive Jack Fusco, said.

The Corpus Christi project would include up to seven mid-scale liquefaction trains with a total expected nominal production capacity of about 10 mtpa. Also, it has received all necessary regulatory approvals.

Located in Texas, the Corpus Christi liquefaction plant currently consists of three operational trains with each having a capacity of about 5 mtpa.

Most Popular

South Korea’s Posco says first LNG carrier to start ops in H2

Posco International, a unit of South Korean steel producer Posco, plans to start shipping LNG with its first dedicated LNG carrier in the second half of this year.

Canada’s Cedar LNG names FLNG

Canada’s Cedar LNG, a joint venture of Canada’s Pembina Pipeline and the Haisla Nation, has picked a name for its floating LNG facility, which will be located in the traditional territory of the Haisla Nation, on Canada’s West Coast.

Wilhelmshaven LNG jetty ready to welcome Excelerate’s FSRU

Dutch marine contractor Van Oord announced on Monday it had completed the new jetty for its client, state-owned LNG...

More News Like This

Cheniere to introduce feed gas to second Corpus Christi expansion train

US LNG exporter Cheniere is nearing the introduction of feed gas to the second train of the Corpus Christi Stage 3 expansion project in Texas.

Cheniere, Canadian Natural Resources pen gas supply deal

US LNG exporter Cheniere has signed a long-term deal with Canadian Natural Resources under which the latter will supply natural gas to a unit of Cheniere.

Cheniere gets OK to introduce fuel gas to second Corpus Christi expansion train

US LNG exporter Cheniere has received approval from the US FERC to introduce fuel gas to the second train of the Corpus Christi Stage 3 expansion project in Texas as part of the commissioning phase.

Glencore, Commonwealth LNG finalize 20-year supply deal

Switzerland-based energy trader Glencore has finalized its previously announced long-term agreement with Kimmeridge's Commonwealth LNG to buy liquefied natural gas from the latter's planned LNG export plant in Cameron, Louisiana.