Cheniere pens LNG supply deal with China's ENN
Cheniere pens LNG supply deal with China's ENN
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Natural Gas News
Cheniere pens LNG supply deal with China's ENN
Summary
Under the agreement, ENN will purchase approximately 1.8mn metric tons/year of LNG from Cheniere Marketing on a free-on-board (FOB) basis, starting in mid-2026. [Image: Cheniere Energy] by: Shardul Sharma
Cheniere Energy has signed a 20-year LNG supply agreement with China’s ENN, the company announced on June 26. Under the agreement,...
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.