Cheniere, EDF sign another LNG supply deal

Cheniere Energy’s unit, Cheniere Marketing has entered into another sales arrangement with France’s EDF for the delivery of LNG cargoes on an ex-ship basis (DES) from its Sabine Pass terminal in the U.S.

The deal covers the delivery of up to 24 cargoes, or up to approximately 89 million MMBtus total, from 2017 through 2018.

As previously reported, the sales price for the LNG cargoes is linked to the Dutch Title Transfer index (TTF).

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, Cheniere said on Monday.

Cheniere Marketing’s LNG portfolio is expected to have approximately 9 mtpa of LNG available from Trains 1 through 6 of the Sabine Pass liquefaction project and Trains 1 through 3 of the Corpus Christi project.

LNG World News Staff; Image: Cheniere