Cheniere Unit Corpus Christi Stage III and Apache Sign Long-Term Gas Supply Agreement Indexed to Global LNG Prices

Cheniere Energy (Cheniere) announced that its subsidiary, Cheniere Corpus Christi Liquefaction Stage III, LLC (Corpus Christi Stage III), has entered into a long-term gas supply agreement (GSA) with Apache Corporation (Apache) under which Apache has agreed to sell 140,000 MMBtu/day of natural gas to Corpus Christi Stage III for a term of approximately 15 years. According to the press release, the “LNG associated with this gas supply, approximately 0.85 million tonnes per annum (mtpa), will be marketed by Cheniere. Apache will receive an LNG price, net of a fixed liquefaction fee and certain costs incurred by Cheniere, for the natural gas delivered to Corpus Christi Stage III under this agreement. The LNG price is based on international LNG indices.”


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