Equinor Inks Long-Term LNG Sale And Purchase Agreement With Cheniere
Portfolio Pulse from Akanksha Bakshi
Cheniere Energy's subsidiary, Cheniere Marketing, has signed a 15-year long-term liquefied natural gas (LNG) sale and purchase agreement with Equinor ASA. Equinor will buy approximately 1.75 million tonnes of LNG per year, with deliveries starting in 2027. The deal is expected to provide commercial support to the SPL Expansion Project.
June 21, 2023 | 3:25 pm
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Equinor ASA enters a 15-year long-term LNG sale and purchase agreement with Cheniere Energy's subsidiary, securing 1.75 million tonnes of LNG per year.
The agreement with Cheniere Marketing ensures a stable supply of LNG for Equinor ASA over the next 15 years. This long-term commitment is likely to have a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Cheniere Energy's subsidiary signs a 15-year LNG sale and purchase agreement with Equinor ASA, providing commercial support to the SPL Expansion Project.
The long-term agreement with Equinor ASA will provide Cheniere Energy with a stable revenue stream and support the development of the SPL Expansion Project. This is likely to have a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100