Cheniere Energy in new LNG deal with EDFStaff writer ▼ | September 21, 2015
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.
Energy business LNG cargoes on an ex-ship basis
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. ■