Page 8 - GLNG Week 30 2022

GLNG ASIA GLNG

Cheniere signs LNG supply deal

with Thailand’s PTT

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

P8 www. NEWSBASE .com Week 30 29•July•2022