Cheniere Marketing, a subsidiary of Cheniere Engery Inc., has entered into LNG sales arrangements with Électricité de France (EDF) covering the delivery of up to 26 cargoes through 2018. The cargoes will be delivered from the Sabine Pass LNG terminal to the Dunkerque LNG terminal in France, and volumes will be sourced from Cheniere Marketing’s LNG supply portfolio.
The portfolio includes rights under a sales and purchase agreement (SPA) with Sabine Pass Liquefaction LCC to purchase LNG produced from Sabine Pass in excess of that required for other customers. Cheniere Marketing has a similar agreement regarding the LNG produced from Cheniere’s Corpus Christi liquefaction project by Corpus Christi Liquefaction LCC, and together Cheniere Marketing is anticipated to have approximately 9 million tpy of LNG available. In total, there are nine liquefaction trains being developed at Corpus Christi and Sabine Pass.
To date, Cheniere Marketing has sold 42 cargoes with delivery expected from Sabine Pass in 2016 – 2018. Most of these were sold to customers on an ex-ship basis (DES), and chartered vessels will be used to deliver the LNG between 2016-2018; sales price for these 42 cargoes was based on a Henry Hub index price, plus a fixed fee.
Cheniere Marketing also recently announced the sale of approximately 0.6 million tpy of LNG under a 20-year SPA with Central El Campesino.
Edited from press release by Callum O'Reilly
Read the article online at: https://www.lngindustry.com/liquefaction/12082015/cheniere-marketing-enters-into-sales-arrangments-with-electricite-de-france-1131/