New Orleans, Louisiana 2022-06-10 15:20:00 –
Cheniere Energy, the operator behind the Sabine Pass Liquefied Natural Gas Export Terminal in Cameron Parish, has signed a long-term contract to supply LNG to a Norwegian energy company.
The 15-year contract requires Cheniere Energy to send 1.75 million tonnes of LNG annually to Equinor ASA. EquinorASA is exploring oil and natural gas in Europe, investing in wind and solar energy and more.
However, Cheniere Energy’s ability to send about half of that total, or 900,000 tonnes, depends on whether the company officially expands the Corpus Christi LNG terminal, the company said in a news release.
Assuming everything went according to plan, Cheniere Energy’s delivery to Equinor ASA is expected to begin in 2026.
“This (contract) further strengthens Cheniere’s leadership in providing the flexible, reliable and cleaner long-term LNG supply sought by customers around the world with a focus on energy security and environmental priorities. “Masu,” said Jack Fusco, President and CEO of Cheniere, in a statement. “(Transaction) reflects the urgency of investing in additional LNG capacity not only for the Corpus Christi Stage III project, but also for capacity over the first seven trains of the project.”
Sabine Pass and Corpus Christi are two of the seven US LNG terminals operating in the United States. Three of the seven, including the Strait of Sabine, are in the Parish of Cameron. The other two are Calcasieu Pass and Cameron LNG.
Cheniere Energy, which operates Sabine Pass in Louisiana, signs LNG deal with Norwegian buyer | Business Source link Cheniere Energy, which operates Sabine Pass in Louisiana, signs LNG deal with Norwegian buyer | Business