AmericasContracts and Tenders

Cheniere pens long-term LNG supply deal with Glencore

By LNG Prime Staff
Cheniere pens long-term LNG supply deal with Glencore
For illustration only (Image: Cheniere)

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

Contracts and Tenders

Venture Global seals new deals to support expansion of its power network

US LNG exporter Venture Global has entered into power and grid frame agreements with GE Vernova and Baker Hughes for up to 16 new, 720 MW power island units and associated power transformer equipment, supporting the continued expansion of its existing behind-the-meter, industrial power network that is not reliant on the grid.
LNG Terminals

Venture Global gets approval to place first Plaquemines LNG phase in service

Venture Global’s Plaquemines LNG has secured approval from the US FERC to place Phase 1 of its LNG export plant in Louisiana into service.
Vessels

MISC orders five more LNG carriers in China

Malaysian shipping firm MISC has officially signed a shipbuilding deal with China’s Hudong-Zhonghua for five additional newbuild 174,000-cbm liquefied natural gas (LNG) carriers, which will serve a 20-year charter with a unit of MISC’s parent, Petronas.

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.”