Cheniere Energy (LNG) said Wednesday that its subsidiary, Cheniere Marketing, signed a 15-year agreement to buy 140,000 MMBtu of natural gas per day from Canadian Natural Resources (CNQ) starting in 2030.
The company said the deal depends on Cheniere approving its Sabine Pass Liquefaction Expansion Project, which could boost LNG production by up to 20 million tonnes per year.
Cheniere said it will pay a Japan Korea Marker-linked price, minus fixed shipping and liquefaction fees, adding that the gas supply, which is about 0.85 million tonnes annually, will be marketed by Cheniere Marketing.
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