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Cheniere and CNPC sign two LNG deals

February 9, 2018

Cheniere and CNPC sign two LNG deals

Cheniere announced today that it has entered into two LNG SPAs with CNPC.

Under the SPAs with Cheniere’s subsidiaries, Corpus Christi Liquefaction and Cheniere Marketing, CNPC subsidiary PetroChina will purchase approximately 1.2 MTPA of LNG, with a portion of the supply beginning in 2018 and the balance beginning in 2023. The term of each SPA continues through 2043. The purchase price for LNG will be indexed to the Henry Hub price plus a fixed component.

Edited from Cheniere press release.