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LNG cargoes ordered by EDF

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LNG Industry,

Cheniere Energy Inc. has announced that Cheniere Marketing International LLP – a subsidiary company completely owned by Cheniere Energy – has agreed a new deal with Électricité de France S.A. (EDF). This deal involves the delivery of LNG cargoes from the Sabine Pass LNG terminal on an ex-ship basis. It will cover approximately 89 million Btu total – up to 24 LNG cargoes – from 2017 into 2018. Cheniere Marketing has now agreed to the total sale of approximately 340 million Btu – up to 92 LNG cargoes – to European and Asian buyers through 2018. As with prior sales, the price of the LNG cargoes is based on the Dutch Title Transfer index (TTF), which is a pricing index for natural gas in Europe.

The volumes will be derived from Cheniere Marketing’s supply portfolio for LNG. This includes the rights under a sales and purchase agreement with Sabine Pass Liquefaction to purchase any excess LNG produced as part of the Sabine Pass Liquefaction Project. This is not dissimilar from its arrangement with Corpus Christi Liquefaction LLC for LNG produced from Cheniere’s Corpus Christi liquefaction (CCL) project.

Overall, Cheniere Marketing is estimated to have an LNG portfolio of approximately 9 million tpy of LNG. This LNG is available from trains 1 to 3 in the CCL project, and from trains 1 to 6 in the Sabine Pass liquefaction project.

Edited from various sources by David Rowlands

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