Cheniere and China’s ENN sign LNG deal

The Chinese independent has secured more long-term LNG with a 13-year deal for 900,000t/yr

US LNG exporter Cheniere Energy has signed a long-term supply contract with Chinese firm ENN Group as it tries to progress the third phase of its Corpus Christi liquefaction plant Cheniere will supply the group’s ENN LNG subsidiary with 900,000t/yr of LNG for “approximately 13 years beginning in July 2022”. The gas will be delivered on a Fob basis and indexed to the Henry Hub, “plus a fixed liquefaction fee”—the so-called Cheniere model that has underpinned most of the US exporter’s offtake agreements. The deal “marks another milestone in our efforts to contract our LNG capacity on a long-term basis in anticipation of an FID of Corpus Christi Stage 3, which we expect will occur next year”, s