Engie buys more US LNG from Cheniere

US LNG exporting giant Cheniere has agreed to supply more liquefied natural gas to France’s Engie as part of an amended deal revealed on Wednesday.

The two firms signed an 11-year deal in June last year for volumes from Cheniere’s Corpus Christi export plant in Texas.

Cheniere began delivering LNG under this deal in September 2021 and now the two firms agreed for more volumes and extended the duration of this contract, according to a Cheniere statement on Wednesday.

Under the amended SPA, Engie would purchase about 0.9 million tonnes per annum of LNG from the Corpus Christi project on a free-on-board basis for a term of approximately 20 years, Cheniere said.

Also, the Henry Hub-linked LNG deal includes a fixed liquefaction fee as well.

“We are pleased to build upon the long-term agreement we signed in 2021 with Engie, one of Europe’s energy leaders in low carbon solutions, to increase the volume and extend the term beyond 2040,” Cheniere’s CEO Jack Fusco, said.

“This SPA reflects the importance of a diverse and reliable long-term supply of natural gas for Europe,” he said.

This new deal comes just two days after Cheniere awarded a lump sum, turnkey, engineering, procurement and construction contract to compatriot Bechtel for the proposed Stage 3 expansion at its Corpus Christi plant.

The Corpus Christi liquefaction plant now consists of three operational trains with each having a capacity of about 5 mtpa.

Under the expansion, Cheniere plans to add up to seven midscale trains, each with an expected liquefaction capacity of about 1.49 mtpa, with a total production capacity of more than 10 mtpa.

Most Popular

Samsung Heavy bags orders for six LNG carriers

South Korean shipbuilding giant Samsung Heavy Industries has secured contracts worth $1.54 billion to build six liquefied natural gas (LNG) carriers.

Flex eyes LNG carrier order

Norwegian owner Flex LNG is exploring with new and existing partners to join the company in ordering new liquefied natural gas (LNG) carriers, according to interim CEO Marius Foss.

Woodside working to charter vessels to ship Louisiana LNG cargoes, CEO says

Australian LNG player Woodside is currently working through how many chartered liquefied natural gas carriers the company will need to ship cargoes from its Louisiana LNG export terminal in the US, according to CEO Meg O’Neill.

More News Like This

Cheniere nears first LNG at third Corpus Christi expansion train

US LNG exporter Cheniere is nearing the start of LNG production at the third train of the Corpus Christi Stage 3 expansion project in Texas as part of the commissioning phase.

Cheniere, Jera seal long-term LNG SPA

US LNG exporter Cheniere has signed a long-term LNG sale and purchase agreement with Japan's Jera.

Cheniere completes second train at Corpus Christi LNG expansion project

US LNG exporting giant Cheniere has achieved substantial completion of the second liquefaction train at the Corpus Christi Stage 3 expansion project in Texas.

Cheniere to start pre-filing process for Corpus Christi Stage 4 project

US LNG exporting giant Cheniere is seeking approval from the US FERC to initiate the environmental pre-filing review for its Corpus Christi Liquefaction Stage 4 project in Texas.