Cheniere Unit Signs Agreement with EDF for Additional Sabine Pass LNG Volumes
Cheniere Energy, Inc. (Cheniere) announced today that its wholly owned subsidiary, Cheniere Marketing International LLP (Cheniere Marketing), has entered into another sales arrangement with Électricité de France, S.A. (EDF) for the delivery of LNG cargoes on an ex-ship basis from Cheniere’s Sabine Pass LNG terminal under construction in Cameron Parish, La. The sales arrangement relates to the delivery of up to 24 cargoes, or up to approximately 89 million MMBtus total, from 2017 through 2018. The sales price for the LNG cargoes is linked to the Dutch Title Transfer index (TTF), a natural gas pricing index in continental Europe. According to the press release, with this latest agreement, Cheniere Marketing has executed agreements for the sale of up to a total of 92 cargoes, or up to approximately 340 million MMBtus, to buyers in Europe and Asia through 2018.