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
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