Cheniere Energy Signs Gas Supply Deals Linked to Asian Spot LNG Prices

Reuters reports that Cheniere Energy subsidiaries Corpus Christi Liquefaction and Cheniere Corpus Christi Liquefaction Stage III have signed long-term gas supply deals with shale producer EOG Resources, with some of the gas tied to Asian spot LNG prices. This is the second instance of Cheniere Energy buying gas linked to spot LNG prices. According to the report, the total quantity will start at 140,000 MMBtu/day, or about 0.85 million tonnes/year, and increase to 440,000 MMBtu/day.  The LNG produced from the initial 140,000 MMBtu/day of gas supply will be owned and marketed by Cheniere Energy, with its gas purchase price linked to Platts’ Japan Korea Marker.

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