Cheniere Energy Pens New 20+ Year Deal With ENN Natural Gas
Portfolio Pulse from Lekha Gupta
Cheniere Energy's subsidiary, Cheniere Marketing, has signed a 20-year LNG sale and purchase agreement with ENN LNG, a subsidiary of ENN Natural Gas. ENN will purchase 1.8 million tonnes per annum of LNG, with deliveries expected to start in mid-2026. This is the second long-term deal between the two companies.
June 26, 2023 | 4:59 pm
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POSITIVE IMPACT
Cheniere Energy's subsidiary signed a 20-year LNG sale and purchase agreement with ENN LNG, which is expected to support the Sabine Pass expansion project.
The long-term agreement with ENN LNG will provide Cheniere Energy with a stable revenue stream for the next 20 years, supporting the Sabine Pass 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
NEUTRAL IMPACT
Cheniere Marketing recently entered into a long-term LNG sale and purchase agreement with Equinor ASA.
While the news of Cheniere Marketing's agreement with Equinor ASA is mentioned in the article, it is not the main focus and its impact on Equinor's stock price is uncertain in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50