Cheniere Energy strikes LNG supply deal with BASF
Cheniere Energy said it would supply 800,000 tpy of LNG to Germany's BASF.
The U.S. has emerged as the world's largest LNG exporter after Western sanctions on major supplier Russia left Europe scrambling to find alternate sources for the commodity.
Cheniere has also entered into supply deals with Norway's Equinor and Korea Southern Power, as well as China's ENN Natural Gas earlier this year.
Tuesday's contract would also support Cheniere's Sabine Pass LNG expansion in Louisiana, which is being developed for up to about 20 MMtpy of total LNG capacity.
Deliveries are expected to start in mid-2026 and only after Cheniere reaches a positive final investment decision with respect to the first train of the Sabine Pass project expansion. The LNG supply deal will extend through 2024.
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