Web producer- Houston Business Journal
Cheniere Energy Inc. (NYSE: LNG) this week inked two more sale and purchase agreements for its Corpus Christi Liquefaction Project.
Houston-based Cheniere said June 30 Australia-based Woodside Energy Trading Singapore Pte Ltd. has agreed to purchase approximately 0.85 million tonnes per annum of liquefied natural gas from Corpus Christi Liquefaction LLC, Cheniere’s subsidiary.
The 20-year deal commences upon the date of first commercial delivery of the second train of the project, with an extension option of up to 10 years.
On July 1, Indonesian state-owned national energy company PT Pertamina agreed to purchase another 0.76 million tonnes per annum of LNG, in addition to the 0.8 mtpa deal Pertamina agreed to in December.
Pertamina’s latest deal also has a term of 20 years beginning once Train 2 commences operations and has an extension option of up to 10 years.
Deliveries from Train 2 are expected in 2019. The Corpus Christi Liquefaction Project is being designed and permitted for up to three trains, with aggregate design production capacity of 13.5 mtpa of LNG.
“To date we have entered into SPAs aggregating approximately 7 mtpa of LNG volumes, completing our long-term contracting for the first two trains of the Corpus Christi Liquefaction Project,” Cheniere Chairman and CEO Charif Souki said in a July 1 statement. “We expect to complete all remaining necessary steps to reach a final investment decision and begin construction by early 2015.”
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Olivia Pulsinelli is the web producer for the Houston Business Journal’s award-winning website. Follow her on Twitter for more.
Cheniere signs 2 more LNG deals for Texas project