Cheniere to Send Up to 60 More LNG Cargos to France

Houston-based energy company Cheniere Energy has, through its wholly owned subsidiary Cheniere Marketing International, signed a 5-year Sale and Purchase Agreement with Engie S.A. for the delivery of liquefied natural gas (LNG) cargoes on an ex-ship basis primarily to the Montoir de Bretagne LNG regasification terminal in France.

The agreement covers the delivery of up to 12 cargoes per year, or up to approximately 222 million MMBtus in total, from 2018 to 2023. Cheniere Marketing will sell the volumes at contract prices linked to Northern European indices.

Cheniere will source the LNG volumes from the Sabine Pass and Corpus Christi liquefaction terminals.

On a combined basis, Cheniere Marketing’s LNG portfolio is expected to have approximately 9 million tonnes per annum of LNG available from the nine liquefaction trains being developed at Sabine Pass and Corpus Christi.

“This SPA with Engie furthers our strategy of supplying LNG to European markets and diversifies our marketing portfolio with sales tied to Northern European price indices. Deliveries are expected to be made to the Montoir de Bretagne LNG terminal or to alternative delivery points as determined by our customer,” said Charif Souki, Chairman and CEO of Cheniere.

Cheniere Marketing has also recently signed two agreements with Électricité de France, S.A. (EDF) to deliver up to 50 cargos of LNG to the Dunkerque LNG terminal throughout 2017 and 2018.

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