This latest deal builds on an existing 1.2mn t/yr supply agreement
Cheniere and Petrochina ink LNG deal
US exporter has signed another long-term supply agreement, this time with a Chinese buyer
State-controlled Petrochina and Cheniere have signed a SPA for up to 1.8mn t/yr of LNG on a Fob basis. Deliveries are due to start in 2026, reach full capacity in 2028 and run until 2050. The LNG will be indexed to the Henry Hub plus a fixed liquefaction fee, Cheniere confirms. Half of the contracted volume is dependent on Cheniere reaching FID on the planned expansion of the Corpus Christi LNG terminal beyond a third phase. Petrochina and Cheniere already had a supply agreement in place for around 1.2mn t/yr. This latest deal builds “upon our existing and successful long-term relationship”, says Cheniere CEO Jack Fusco, adding that this is the company’s “first LNG contract that crosses over
Also in this section
13 March 2025
Gas will become a more important part of the energy mix longer-term raising the alarm for much-need investment as supply struggles to keep up with demand
13 March 2025
The spectre of Saudi Arabia’s 2020 market share strategy haunts a suffering OPEC+ as Trump upends the energy world
12 March 2025
Petronas-Eni eyes joint venture to prioritise key gas developments, with huge opportunities for growth in Indonesia and a steady Malaysia portfolio
12 March 2025
Bearish market sentiment and bullish long-term outlook for oil and gas consumption prevails at CERAWeek
