Cheniere to fuel QatarEnergy with US Gulf Coast LNG through 2054
The multi-decade deal enables Cheniere to supply QatarEnergy with 4 million tonnes a year from its Gulf Coast facilities, starting in the early 2030s.
In a move that reflects long-term energy planning, the U.S. Gulf Coast is locking in its commercial ties for the next three decades, as U.S.-headquartered energy player Cheniere has shown with a landmark liquefied natural gas (LNG) deal with Qatar’s state-owned oil and gas giant QatarEnergy, signing on to deliver millions of tonnes of LNG straight through 2054.
Cheniere Energy’s subsidiaries, Sabine Pass Liquefaction (SPL) and Corpus Christi Liquefaction (CCL), have each entered into long-term LNG sale and purchase agreements (SPAs) with QatarEnergy to supply a total of 4 million tonnes per annum (mtpa) of LNG through 2054.
Jack Fusco, Cheniere’s Chairman, President and Chief Executive Officer, commented: “These pivotal, multi-decade agreements with QatarEnergy, one of the world’s most important energy companies and a cornerstone of the global LNG industry, represent a major long-term commercial commitment and reinforce Cheniere’s position as the leader in U.S. LNG.
“We take pride that Cheniere’s track record of operational excellence, reliability and long-term customer focus provided the foundation for this landmark commercial relationship with QatarEnergy. We look forward to reliably supplying QatarEnergy from both Sabine Pass and Corpus Christi into the second half of this century.”
This story was originally published by Offshore Energy. Read the full story at Offshore Energy →
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