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.

- Advertisements -

Most Popular

Charif Souki steps down as chairman of Tellurian

US LNG firm Tellurian, the developer of the Driftwood LNG export project in Louisiana, said on Friday that its...

QatarEnergy, ExxonMobil expect first LNG from Golden Pass plant in H1 2025

Energy giants QatarEnergy and ExxonMobil are expecting to start LNG production at their Golden Pass LNG export terminal on...

Dynagas FSRU ready to start Stade job

The 174,000-cbm FSRU Transgas Force, owned by Dynagas, has left Germany's Bremerhaven and will now work as an LNG...

More News Like This

Dynagas takes delivery of new LNG carrier

Greek LNG shipping firm Dynagas has taken delivery of the 200,000-cbm LNG carrier, Clean Destiny, in South Korea. The firm...

Cheniere, OMV seal long-term LNG supply deal

US LNG exporting giant Cheniere has signed a long-term deal with Austrian energy firm OMV to supply the latter...

Cheniere seals 20-year LNG supply deal with China’s Foran

US LNG exporting giant Cheniere has entered into a 20-year liquefied natural gas (LNG) supply deal with China's Foran...

Cheniere’s Q3 revenue dips

US LNG exporting giant Cheniere reported a 53 percent drop in its quarterly revenue due to lower prices and...