Cheniere and PetroChina Signed a Long-Term LNG Sale & Purchase Agreement

Photo: 11113567 © Oleksandr Kalinichenko | / LNG carrier ship designed for transporting natural gas anchored

Cheniere Energy, a producer and exporter of liquefied natural gas in the United States, listed on the New York stock exchange, announced today that its wholly-owned subsidiary, Cheniere Marketing, LLC has entered into a long-term liquefied natural gas sale and purchase agreement with a subsidiary of PetroChina. PetroChina is an oil and gas producer and distributor in China, as well as a significant player in the global oil and gas industry.

Under the deal, PetroChina’s subsidiary PetroChina International Company Limited has agreed to purchase up to approximately 1.8 million tonnes per annum of LNG from Cheniere Marketing on a free-on-board basis. Deliveries will start in 2026, reach the full 1.8 mtpa in 2028, and continue through 2050. As Cheniere said, the purchase price for LNG is indexed to the Henry Hub price, plus a fixed liquefaction fee. Half of the total volume, or approximately 0.9 mtpa, is subject to Cheniere making a positive final investment decision to construct additional liquefaction capacity at the Corpus Christi LNG Terminal beyond the seven-train Corpus Christi Stage 3 Project.

As the CEO and President of Cheniere Jack Fusco says, this deal increases Cheniere’s long-term sales to PetroChina to approximately 3 mtpa.

Source: Cheniere Energy, Inc.

Disclaimer for podcasts and articles

When you view, access or otherwise use our podcasts or articles, you acknowledge the application of this disclaimer:

Shipping Telegraph ApS provides no warranty, guarantee or representation as to the accuracy or sufficiency of the information featured in our podcasts or articles. The information, opinions, recommendations, content, etc. presented in our podcasts or articles are for information purposes only and do not constitute or replace professional advice. Any reliance you may place on the information provided in our podcast or articles is strictly at your own risk.

Unless it is specifically stated, Shipping Telegraph ApS does not approve, recommend or certify any product, process, service, organization, etc. presented or mentioned in our podcasts or articles. Any third-party materials, advertisements or content of any third-party referenced in our podcasts or articles do not necessarily reflect the opinions, standard or policies of Shipping Telegraph ApS, and Shipping Telegraph ApS cannot be held accountable hereof. Shipping Telegraph ApS is not responsible or liable for the accuracy, completeness or compliance with applicable laws of any third-party material, advertisements and content.

Shipping Telegraph ApS shall not be responsible for any errors or omissions contained in the podcasts, the articles or the website used to gain access hereto and reserves the right to make changes without notice. Shipping Telegraph ApS makes no warranty that our podcasts or articles, or the server making them available, are free of viruses, worms, etc.

Shipping Telegraph ApS expressly disclaims any and all liability or responsibility for any direct, indirect, punitive, incidental, consequential or other damages or other claims arising out of or in connection with any individual's and business entity's use of, reference to, reliance on our podcasts or articles or the information presented herein. By ticking the box, I agree with the disclaimer above.