RSS   Newsletter   Contact   Advertise with us
Post Online Media

Cheniere Energy in new LNG deal with EDF

Share on Twitter Share on LinkedIn
Staff writer |
Cheniere Energy
Energy business   LNG cargoes on an ex-ship basis

Cheniere Energy announced that its wholly owned subsidiary, Cheniere Marketing International has entered into another sales arrangement with Électricité de France (EDF) for the delivery of liquefied natural gas (LNG) cargoes on an ex-ship basis (DES) from the Sabine Pass LNG terminal.


The sales arrangement covers the delivery of up to 24 cargoes, or up to approximately 89 million MMBtus total, from 2017 through 2018. As in the previously announced sales arrangements, the sales price for the LNG cargoes is linked to the Dutch Title Transfer index (TTF), a natural gas pricing index in continental Europe.

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.

Volumes will be sourced from Cheniere Marketing's LNG supply portfolio, which includes rights under a sale and purchase agreement (SPA) with Sabine Pass Liquefaction, LLC to purchase any LNG produced from the Sabine Pass Liquefaction Project in excess of that required for other customers.

Cheniere Marketing has a similar SPA with Corpus Christi Liquefaction for LNG produced from Cheniere's Corpus Christi liquefaction project.

On a combined basis, Cheniere Marketing's LNG portfolio is expected to have approximately 9 million tonnes per annum (mtpa) of LNG available from Trains 1 through 6 of the Sabine Pass Liquefaction Project and Trains 1 through 3 of the CCL Project.


What to read next
POST Online Media Contact