Cheniere and EDP Energias de Portugal Sign Deal for Corpus Christi LNG Supplies

Yesterday, Cheniere Energy announced that its subsidiary, Corpus Christi Liquefaction, LLC has entered into an agreement with EDP Energias de Portugal S.A. (EDP) under which EDP will purchase approximately 0.77 million tonnes of LNG per year for 20 years from Train 3 of the proposed Corpus Christi LNG terminal near Corpus Christi, Texas.  EDP will purchase the LNG on a free on board basis (FOB) for a purchase price indexed to the monthly Henry Hub price plus a fixed component.

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