Cheniere strikes LNG supply deal with Korea Southern Power
5/16/2023
(Reuters) - Cheniere Energy Inc said on Tuesday it has entered a long-term deal to supply liquefied natural gas (LNG) to Korea Southern Power Co Ltd.
The top U.S. exporter of LNG shipped a total of 638 cargoes last year, with over 70% delivered to Europe, and said in March it expects to ship more LNG to Asia this year.
Korea Southern Power will buy about 0.4 million tons of LNG per annum from Cheniere from 2027 through 2046, with a smaller annual quantity to be delivered starting in 2024.
The LNG to be delivered prior to 2027 will be market-based pricing, after which it will be indexed to the Henry Hub price, plus a fee.
Cheniere said the long-term deal will support its Sabine Pass expansion project in Louisiana.
Related News
Related News
Sign up to Receive Our Newsletter
- Woodfibre LNG receives BCEAO order to move floatel to site to house non-local workforce
- QatarEnergy, Exxon seek to remove contractor from Texas gas project
- Veolia, Waga Energy and ENGIE collaborate to develop renewable natural gas industry in France
- Congo Brazzaville becomes an LNG exporting country
- Fulcrum LNG to pair with McDermott, Baker Hughes for Guyana gas project
- EU approves law to hit gas imports with methane emissions limit
- Veolia, Waga Energy and ENGIE collaborate to develop renewable natural gas industry in France
- Hawai'i Gas selects Eurus Energy America, Bana Pacific for hydrogen and renewable natural gas projects
- TotalEnergies increases LNG deliveries to Asia with two new contracts
- Desert Mountain Energy Corp. initiates helium production
Comments