Cheniere Energy has signed a long-term liquefied natural gas (LNG) sales and purchase agreement with Foran Energy Group, a Chinese natural gas distribution company.
Announced today (2nd Nov), the deal will see Foran purchase approximately 0.9 million tonnes per annum of LNG over a 20-year period from Cheniere.
Deliveries will commence upon the start of commercial operations of the second train of the Sabine Pass Liquefaction Expansion Project (SPL Expansion Project) in Louisiana.
Start-up of the train is subject to a positive final investment decision.
Jack Fusco, President and CEO of Cheniere, said, “We are pleased to build upon our existing long-term relationship with Foran, one of the fastest growing natural gas companies in China, with the signing of our second 20-year sales and purchase that secures increased LNG volumes for Foran for the long term.”
The also supports China’s commitment to growing natural gas as a primary energy source.
Cheniere’s SPL Expansion Project is being developed for up to approximately 20 million tonnes per annum of LNG capacity. In May 2023, certain subsidiaries of Cheniere Energy Partners, entered the pre-filing review process for the SPL Expansion Project with the Federal Energy Regulatory Commission.
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