Cheniere and Equinor Sign Long-Term LNG Sale And Purchase Agreement; Equinor Agreed To Purchase ~1.75M Tons Per Annum For A Purchase Price Indexed To The Henry Hub Price
Portfolio Pulse from Benzinga Newsdesk
Cheniere Energy's subsidiary, Cheniere Marketing, has entered into a 15-year long-term LNG sale and purchase agreement with Equinor ASA. Equinor will purchase approximately 1.75 million tonnes per annum of LNG, with half of the volume delivery starting in 2027 and the remaining half by the end of the decade.
June 21, 2023 | 1:18 pm
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POSITIVE IMPACT
Equinor enters into a 15-year long-term LNG sale and purchase agreement with Cheniere Energy, securing a stable supply of LNG.
The agreement with Cheniere Energy ensures a stable supply of LNG for Equinor over the next 15 years. This is a positive development for the company and is likely to have a positive short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Cheniere Energy signs a 15-year long-term LNG sale and purchase agreement with Equinor, supporting the Sabine Pass Expansion Project.
The long-term agreement with Equinor will provide Cheniere Energy with a stable revenue stream and support the Sabine Pass Expansion Project. This is positive news for the company and is likely to have a positive short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Cheniere Energy Partners, L.P. (CQP) may benefit indirectly from the long-term LNG sale and purchase agreement between Cheniere Energy and Equinor.
Although not directly involved in the agreement, Cheniere Energy Partners, as a subsidiary of Cheniere Energy, may benefit indirectly from the long-term agreement and the potential positive impact on Cheniere Energy's stock price. However, the direct impact on CQP's stock price is uncertain.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50