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.

- Advertisements -

Most Popular

ExxonMobil working on larger Rovuma LNG export project in Mozambique

US energy giant ExxonMobil has boosted the capacity of the planned Rovuma LNG onshore terminal in Mozambique and is...

Sempra takes FID on Port Arthur LNG project

US LNG player Sempra Infrastructure, a unit of Sempra, has taken a final investment decision for the first phase...

Excelerate to buy FSRU from Maran Gas

US floating LNG player Excelerate Energy plans to exercise an option to buy the 2020-built FSRU Sequoia from Greece’s...

More News Like This

Cheniere’s Sabine Pass terminal ships 2000th LNG cargo

Cheniere's giant Sabine Pass LNG terminal in Louisiana has shipped the 2000th cargo of liquefied natural gas since its...

Cheniere submits Sabine Pass LNG expansion plan, revenue surges to $33.4 billion

US LNG exporting giant Cheniere submitted an expansion plan for its Sabine Pass LNG plant with the US FERC,...

I Squared Capital takes controlling stake in Whistler Pipeline

US infrastructure investor I Squared Capital has acquired a controlling interest in Whistler Pipeline, the operator of a 724...

BlackRock buys more Cheniere shares

US-based BlackRock, one of the world’s largest asset managers, has purchased more shares in compatriot LNG exporting giant Cheniere. BlackRock...