Cheniere Affiliates Sign Two Long-Term LNG Deals with PetroChina Parent
Posted on Feb 9, 2018 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Cheniere Affiliates Sign Two Long-Term LNG Deals with PetroChina Parent
Cheniere Energy announced today that it has entered into two LNG sale and purchase agreements (SPA) with China National Petroleum Corporation (CNPC). According to the press release, under the SPAs with Cheniere subsidiaries Corpus Christi Liquefaction, LLC and Cheniere Marketing International LLP, CNPC subsidiary PetroChina International Company Limited will purchase approximately 1.2 million tonnes per annum of LNG, with a portion of the supply beginning in 2018 and the balance beginning in 2023. The term of each SPA continues through 2043. The purchase price for LNG will be indexed to the Henry Hub price plus a fixed component. Read more in the Reuters article.