Cheniere to sell Equinor 1.75-million tpy of LNG

Cheniere Energy Inc. subsidiary Cheniere Marketing LLC has agreed to sell Equinor ASA 1.75 million tonnes/year (tpy) of LNG on a free-on-board basis for 15 years. Sales would start second-half 2026 and reach the full 1.75-million tpy rate one year later.

Half of the volume, about 900,000 tpy, is subject to Cheniere making a positive final investment decision (FID) to build additional liquefaction capacity at its 15-million tpy Corpus Christi LNG plant beyond the seven-train, 10-million tpy Corpus Christi Stage III project already in development.

Corpus Christi Stage III is fully permitted and Cheniere earlier this year finalized an engineering, procurement, and construction contract with Bechtel Corp. and released them to begin preliminary work under a limited notice to proceed (OGJ Online, Mar. 7, 2022). Cheniere expects to reach FID on Stage III third-quarter 2022.