Cheniere Marketing, a subsidiary of Cheniere Energy, has formalized a 20-year agreement with China’s Foran Energy Group for the annual purchase of approximately 0.9 million tonnes of LNG. This deal is tied to the Henry Hub price plus a fixed liquefaction fee and marks the first contract associated with the Sabine Pass Liquefaction Expansion Project's second train in Louisiana.
The commencement of deliveries depends on the launch of Train Eight's commercial operations within the project and a positive final investment decision. The project, which is currently under pre-filing review with the Federal Energy Regulatory Commission, aims for roughly 20 million tonnes per annum (mtpa) of LNG capacity.
Cheniere Energy, a leading U.S. LNG producer and exporter with global offices and one of the world's largest liquefaction platforms, also has an expected 10+ mtpa production capacity under construction. As a full-service LNG provider, it offers gas procurement and transportation, liquefaction, vessel chartering, and LNG delivery.
Foran Energy Group is a rapidly growing city gas company in China's Guangdong region transitioning to a comprehensive energy service provider. It primarily distributes its products within the domestic Chinese market and promotes natural gas and hydrogen energy technology development.