•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    Cheniere and EDF sign 20-year LNG sale and purchase agreement

    Cheniere Energy Inc.

    Cheniere Energy Inc. (NYSE MKT: LNG) reports that its subsidiary, Corpus Christi Liquefaction LLC, has entered into a liquefied natural gas (LNG) sale and purchase agreement (SPA) with Électricité de France SA (EDF) under which EDF has agreed to purchase 0.38 million tonnes per annum (mtpa) of LNG upon the commencement of operations of Train 2 of the LNG export facility being developed near Corpus Christi, Texas, and increasing to 0.77 mtpa of LNG upon the commencement of operations of Train 3.

    The Corpus Christi Liquefaction Project is being designed and permitted for up to three trains, with aggregate design production capacity of 13.5 mtpa of LNG.

    Under the SPA, EDF will purchase LNG on a free on board basis for a purchase price indexed to the monthly Henry Hub price plus a fixed component. LNG will be loaded onto EDF's vessels. The term of the SPA will extend for 20 years beyond the date of first commercial delivery of the third train of the Corpus Christi Liquefaction Project, with an extension option of up to 10 years. Deliveries from Train 3 are expected to occur as early as 2019.

     

    Did You Like This Article?

    Get a free subscription to Oil & Gas Financial Journal.

    Related Articles

    MIDSTREAM NEWS

    10/09/2014

    Dominion receives FERC approval on Cove Point LNG export project

    10/01/2014 Dominion has notified the Federal Energy Regulatory Commission that it has accepted the commission's order approving the Cove Point LNG liquefaction and export project and all of FERC's environment...

    Pavilion secures 20-year LNG supply deal with BP

    09/24/2014 Singapore's Pavilion Gas Pte. Ltd., a wholly owned subsidiary of Pavilion Energy, has secured a total of 0.4 million tons per annum (Mtpa) of liquefied natural gas (LNG) supply from BP for a tenure...

    Golar LNG Sir Frank Chapman as chairman

    09/22/2014

    Golar LNG Ltd. has appointed Sir Frank Joseph Chapman to the board of directors of the company. He will act as the company's chairman.

    Gulf South holds open season for natural gas transportation project

    09/11/2014 Gulf South Pipeline Co. LP, a subsidiary of Boardwalk Pipeline Partners LP, has entered into 20-year firm precedent agreements with foundation shippers to transport 1.4 billion cubic feet per day o...

    More Oil & Gas Financial Articles

    MIDSTREAM NEWS

    Thu, Oct 9, 2014

    Dominion receives FERC approval on Cove Point LNG export project

    Wed, Oct 1, 2014

    Dominion has notified the Federal Energy Regulatory Commission that it has accepted the commission's order approving the Cove Point LNG liquefaction and export project and all of FERC's environmental conditions.

    Pavilion secures 20-year LNG supply deal with BP

    Wed, Sep 24, 2014

    Singapore's Pavilion Gas Pte. Ltd., a wholly owned subsidiary of Pavilion Energy, has secured a total of 0.4 million tons per annum (Mtpa) of liquefied natural gas (LNG) supply from BP for a tenure of 20 years starting from 2019.

    Golar LNG Sir Frank Chapman as chairman

    Mon, Sep 22, 2014

    Golar LNG Ltd. has appointed Sir Frank Joseph Chapman to the board of directors of the company. He will act as the company's chairman.

    Gulf South holds open season for natural gas transportation project

    Thu, Sep 11, 2014

    Gulf South Pipeline Co. LP, a subsidiary of Boardwalk Pipeline Partners LP, has entered into 20-year firm precedent agreements with foundation shippers to transport 1.4 billion cubic feet per day of natural gas to serve the first two trains of the planned liquefaction terminal, announced by Freeport LNG Development LP, near Freeport, Texas.

    Most Popular

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ