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
1 August 2025
A number of companies have filed arbitration claims against Gazprom over non-deliveries of contracted gas or other matters—and won. The next step is to collect the award; this is no easy task but it can be done thanks to an international legal framework under the New York Convention.
1 August 2025
Europe’s refining sector is desperately trying to adapt to a shifting global energy landscape and nowhere is this more apparent than in its largest economy
1 August 2025
The Middle East natural gas playbook is being rewritten. The fuel source offers the region a pathway to a cleaner, sustainable and affordable means of local power, to fasttrack economic development and as a lucrative opportunity to better monetise its energy resources.
31 July 2025
TotalEnergies is an outlier among other majors for remaining committed to low-carbon investments while continuing to replenish and expand its ample oil and gas portfolio, with an appetite for high risk/high return projects.
