Cheniere signs long-term LNG supply deals with QatarEnergy through 2054
Cheniere signs long-term LNG supply deals with QatarEnergy through 2054 Oct 22 (Reuters) - Cheniere Energy LNG.N said on Thursday it has signed long-term agreements to supply QatarEnergy with 4 million metric tons of liquefied natural gas (LNG) annually from the early 2030s through 2054, as it plans to expand production capacity.
Here are more details:
Agreements cover 2 million metric tons per year each from Cheniere’s Sabine Pass terminal in Louisiana and Corpus Christi terminal in Texas
LNG prices are indexed to Henry Hub natural gas prices plus a fixed fee
1 million tonnes per annum (MTPA) under the Sabine Pass agreement is contingent on a positive final investment decision on the first phase of the terminal's expansion.
Sabine Pass's expansion could add peak production capacity of up to about 20 million metric tons per year, including estimated gains from debottlenecking
Expansion could increase Sabine Pass' total production capacity to more than 50 million metric tons per year
(Reporting by Arunima Kumar in Bengaluru; Editing by Tasim Zahid)
((Arunima.Kumar@thomsonreuters.com;))
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