Cheniere to Ship 26 LNG Cargoes to France

Houston-based energy company Cheniere Energy has, through its wholly owned subsidiary Cheniere Marketing International, entered into sales arrangements with Électricité de France, S.A. for the delivery of liquefied natural gas (LNG) cargoes on an ex-ship basis from the Sabine Pass LNG terminal to the Dunkerque LNG terminal in France.

The sales arrangements cover the delivery of up to 26 cargoes, or up to approximately 100 million MMBtus, through 2018. The sales price for the LNG cargoes is linked to the Dutch Title Transfer index (TTF), a natural gas pricing index in continental Europe.

Volumes will be sourced from Cheniere Marketing’s LNG supply portfolio, which includes rights under a sale and purchase agreement with Sabine Pass Liquefaction to purchase any LNG produced from Sabine Pass in excess of that required for other customers.

Cheniere Marketing has a similar sale and purchase agreement with Corpus Christi Liquefaction, LLC for LNG produced from Cheniere’s Corpus Christi liquefaction project.

On a combined basis, Cheniere Marketing’s LNG portfolio is expected to have approximately 9 million tonnes per annum of LNG available from the nine liquefaction trains being developed at Sabine Pass and Corpus Christi.

In total, Cheniere Marketing has executed agreements for the sale of up to 68 cargoes, or up to approximately 250 million MMBtus, to buyers in Europe and Asia through 2018.

Furthermore, Cheniere Marketing recently announced the sale of approximately 0.6 mtpa of LNG under a 20-year sale and purchase agreement with Central El Campesino, which is expected to be delivered from the CCL Project.

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