QatarEnergy Signs Long-Term Deal to Buy U.S. LNG as Iran War Disrupts Exports
QatarEnergy has signed two long-term agreements to purchase up to 4 million tonnes of U.S. liquefied natural gas annually from Cheniere Energy through 2054, as the Gulf producer continues to...
A man looks as the LNG tanker DUHAIL crosses through the Suez Canal April 1, 2008. REUTERS/Stringer/File Photo
QatarEnergy has signed two long-term agreements to purchase up to 4 million tonnes of U.S. liquefied natural gas annually from Cheniere Energy through 2054, as the Gulf producer continues to grapple with damage to its own export facilities from the war with Iran.
The agreements, announced Thursday, cover 2 million tonnes per annum (MTPA) each from Cheniere’s Sabine Pass facility in Louisiana and Corpus Christi facility in Texas. Deliveries are expected to begin in 2031 and continue through 2054.
Under the contracts, QatarEnergy will purchase the LNG on a free-on-board (FOB) basis, taking responsibility for transporting cargoes from the U.S. terminals. Pricing will be linked to the Henry Hub natural gas benchmark plus a fixed fee.
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