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Cheniere signs LNG supply

deal with Thailand’s PTT

UNITED STATES US LNG producer Cheniere Energy announced final investment decision (FID) on the Stage
this week that it had struck a deal to supply the 3 expansion of the facility last month, and has
super-chilled fuel to a unit of Thailand’s PTT. recently started signing SPAs that are conditional
Under the sale and purchase agreement at least in part on it expanding capacity at Corpus
(SPA), Cheniere’s Corpus Christi Liquefaction Christi further beyond Stage 3.
subsidiary has agreed to supply 1mn tonnes per For PTT, the SPA comes as the company
year (tpy) of LNG to PTT Global LNG (PTTGL) expands its total regasification capacity to 19mn
over a 20-year period starting in 2026. The SPA tpy by the end of 2022.
allows for a combination of free-on-board (FOB) “This is the first direct LNG contract from a
and delivered ex-ship (DES) deliveries, which US LNG producer for PTTGL, and this agree-
Cheniere said represented a further evolution in ment not only reflects the critical need for long-
its commercial offerings, customised to meet the term, reliable LNG supply across the globe, but
specific needs of different customers. also the important role LNG has to play in pow-
The purchase price of the LNG sold under the ering growing economies for decades to come,”
deal will be indexed to the US Henry Hub bench- stated Cheniere’s president and CEO, Jack Fusco.
mark, plus a fixed liquefaction fee. The deal is the latest in a series that Cheniere
While the LNG will come from Cheniere’s has struck with buyers in Asia recently. Only last
Corpus Christi terminal in Texas, the company week, the company announced a deal to supply
did not specify which phase of the facility would 1.8mn tpy to PetroChina International starting
be used to produce the fuel. Cheniere took a in 2026, until 2050.™

P8 www. NEWSBASE .com Week 30 31•July•2022