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News Breaks
April 7, 2014
10:16 EDTLNGCheniere, Endesa sign 20-year LNG sale, purchase agreement
Cheniere Energy announced that its subsidiary, Corpus Christi Liquefaction, has entered into a liquefied natural gas sale and purchase agreement with Endesa under which Endesa has agreed to purchase approximately 0.75M tonnes per annum of LNG upon the commencement of operations from the LNG export facility being developed near Corpus Christi, Texas. The SPA is in addition to the previously signed SPA under which Endesa will purchase approximately 1.5 mtpa of LNG, bringing the total quantity of LNG sold to Endesa under the two agreements to approximately 2.25 mtpa. The Corpus Christi Liquefaction Project is being designed and permitted for up to three trains, with aggregate design production capacity of 13.5 mtpa of LNG. Under the SPA, Endesa will purchase LNG on an FOB basis for a purchase price indexed to the monthly Henry Hub price plus a fixed component. LNG will be loaded onto Endesa's vessels. The SPA has a term of twenty years commencing upon the date of first commercial delivery and an extension option of up to ten years. Deliveries are expected to occur as early as FY18.
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July 17, 2014
16:55 EDTLNGCheniere Energy signs 20 year LNG sale and purchase agreement with EDF
Cheniere Energy announced that its subsidiary, Corpus Christi Liquefaction, has entered into a liquefied natural gas, or LNG, sale and purchase agreement with Électricité de France, or EDF, under which EDF has agreed to purchase approximately 0.38M tonnes per annum, or mtpa, of LNG upon the commencement of operations of train 2 of the LNG export facility being developed near Corpus Christi, Texas, and increasing to approximately 0.77 mtpa of LNG upon the commencement of operations of train 3. The Corpus Christi Liquefaction Project is being designed and permitted for up to three trains, with aggregate design production capacity of 13.5 mtpa of LNG. Under the SPA, EDF will purchase LNG on a free on board basis for a purchase price indexed to the monthly Henry Hub price plus a fixed component. The term of the SPA will extend for 20 years beyond the date of first commercial delivery of the third train of the Corpus Christi Liquefaction Project, with an extension option of up to ten years. Deliveries from train 3 are expected to occur as early as 2019.
July 14, 2014
16:00 EDTLNGOptions Update; July 14, 2014
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