QatarEnergy signs long-term agreements to purchase 4 MTPA of U.S. LNG from Cheniere through 2054
<p>DOHA, Qatar: QatarEnergy signed two long-term Sale and Purchase Agreements (SPAs) with Cheniere for the purchase of up to 4 million tons per annum (MTPA) of LNG from Cheniere’s Sabine Pass and Corpus Christi facilities in the States of Louisiana and Texas respectively, located along the United States Gulf Coast.</p> <p>Under the terms of the SPAs, deliveries will be on an FOB basis and are…
Doha, Qatar witnessed QatarEnergy signing two significant long-term Sale and Purchase Agreements (SPAs) with U.S. energy firm Cheniere. The SPAs pertain to the procurement of up to 4 million tons per annum (MTPA) of liquefied natural gas (LNG) from Cheniere's facilities in Louisiana and Texas. These agreements, FOB (Free on Board) basis, are set to commence in 2031 and are slated to continue through 2054.
The signing ceremony saw the active participation of QatarEnergy's Minister of State for Energy Affairs, Chairman and CEO HE Saad Sherida Al-Kaabi, and Cheniere's Chairman, President, and CEO Jack Fusco. Al-Kaabi, while commenting on the occasion, emphasized that these SPAs denote a pivotal moment in QatarEnergy's LNG strategy. This substantial long-term purchase would not only broaden and diversify QatarEnergy's global LNG portfolio but also fortify its capacity to cater to evolving market demands.
The additional volumes would complement QatarEnergy's existing LNG supplies, enhance its supply and trading portfolio, and bolster its standing across the global market.
These two SPAs underscore QatarEnergy's enduring confidence in LNG's pivotal role in the global energy landscape. The firm is actively pursuing the development of a flexible, diversified, and globally competitive LNG portfolio.
Written by urgent.news from The Peninsula Qatar Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
