Cheniere And ENN Sign Long-Term LNG Sale And Purchase Agreement; No Financial Terms Disclosed
Portfolio Pulse from Happy Mohamed
Cheniere Energy's subsidiary, Cheniere Marketing, has signed a long-term LNG sale and purchase agreement with ENN LNG, a subsidiary of ENN Natural Gas. The deal involves ENN purchasing approximately 1.8 million tonnes per annum of LNG from Cheniere Marketing, with deliveries starting in mid-2026. The agreement is expected to support the Sabine Pass Expansion Project.
June 26, 2023 | 12:08 pm
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POSITIVE IMPACT
Cheniere Energy Partners' subsidiaries entered the pre-filing review process for the Sabine Pass Expansion Project with the Federal Energy Regulatory Commission.
The Sabine Pass Expansion Project, which is expected to increase LNG production capacity, is being developed by subsidiaries of Cheniere Energy Partners. The long-term agreement between Cheniere Marketing and ENN LNG supports this project, which is likely to have a positive impact on Cheniere Energy Partners' stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Cheniere Energy's subsidiary signed a long-term LNG sale and purchase agreement with ENN LNG, supporting the Sabine Pass Expansion Project.
The long-term agreement with ENN LNG will provide Cheniere Energy with a stable source of revenue and support the Sabine Pass Expansion Project, which is expected to increase the company's production capacity. This positive development is likely to have a positive impact on Cheniere Energy's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100