ARC Resources in second supply deal with Cheniere Energy
ARC Resources in second supply deal with Cheniere Energy
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Natural Gas News
ARC Resources in second supply deal with Cheniere Energy
Summary
Montney producer will now supply both Cheniere's Sabine Pass expansion project and its Corpus Christi expansion. [Image credit: Cheniere Energy] by: Dale Lunan
Canadian Montney producer ARC Resources said November 29 it had struck a second long-term supply agreement with Cheniere Energy to supply Cheniere’s Sabine Pass Stage 5 Expansion Project with 140,00 mnBtu/day of natural gas for a period of 15 years. The supply deal...
Related Knowledge Center: Liquefied natural gas
Driven by plentiful natural gas produced from shale plays, the United States began exporting liquefied natural gas in 2016 when the Sabine Pass terminal in Louisiana opened and shipped its first cargo. Since then, additional capacity, or trains, have been added to Sabine Pass, and terminals have become operational in Cameron Parish, La.; Hackberry, La.; Cove Point, Md.; and Corpus Christi, Texas. The Energy Information Administration projects that U.S. LNG export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world, behind Australia and Qatar. The tariff war with China has the potential to impact some final investment decisions for additional terminals in the coming months.