In this list
LNG | Natural Gas

Cheniere LNG supply deal calls for 800,000 mt/year to be delivered to Glencore

Commodities | Electric Power | Electricity | Energy | Nuclear | Energy Transition | Renewables | Natural Gas | Natural Gas (European) | Oil | Crude Oil | Refined Products

Market Movers Europe, Nov 29-Dec 3: Oil slumps on COVID-19 concerns as travel restrictions announced

Energy | Energy Transition | Natural Gas

Methane Performance Certificate Assessments

Metals | Coronavirus | Steel

16th Steel Markets Asia Conference

Energy | Natural Gas | Petrochemicals | Energy Transition | Electric Power | Coal | Renewables | Electricity | Emissions

BASF signs 21 TWh PPA over 25 years with Engie, sets up green energy unit

Agriculture | Grains | Energy | Energy Transition | Natural Gas | Natural Gas (European) | Oil | Crude Oil

Commodity Tracker: 5 charts to watch this week

Cheniere LNG supply deal calls for 800,000 mt/year to be delivered to Glencore


13-year agreement begins in April 2023

Purchase price indexed to Henry Hub, plus fee

A subsidiary of Swiss commodity trader Glencore will buy 800,000 mt/year of LNG from Cheniere Energy's marketing unit under a 13-year agreement announced Oct. 25.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

LNG under the agreement will be delivered on a free-on-board basis, beginning in April 2023. The purchase price will be indexed to the US Henry Hub, plus a liquefaction fee that Cheniere did not disclose in a statement about the transaction.

Commodity traders and end-users, particularly in China, have gobbled up US LNG under new medium- and long-term deals in recent months amid extremely volatile global gas prices that remain high, though down from records set earlier in October. On Oct. 11, Cheniere said a subsidiary of China's ENN Natural Gas had signed a 13-year deal to buy 900,000 mt/year of LNG, starting in July 2022, from the biggest US LNG exporter.

For Cheniere, the latest supply agreements come as it prepares to advance a proposed mid-scale liquefaction expansion project at its Texas terminal. It has said it expects to advance its 10 million mt/year Corpus Christi Stage 3 project in 2022, once remaining investment and commercial parameters are met. Cheniere has 15-year supply agreements tied to the expansion with US gas producers Apache and EOG Resources and Canadian oil and gas producer Tourmaline that cover a combined total of 2.55 million mt/year.

Elsewhere in the market for US LNG, earlier in October it was disclosed that a trading arm of China's Sinopec had agreed to a short-term deal to buy 1 million mt/year of LNG from Venture Global LNG's Calcasieu Pass liquefaction terminal that is under construction in southwest Louisiana, and that Sinopec had signed two 20-year deals with Venture Global -- one for 2.8 million mt/year of supply and the other for 1.2 million mt/year of supply – that are tied to Venture Global's proposed Plaquemines LNG facility that is to be built south of New Orleans.