Cheniere And BASF Sign Long-Term LNG Sale And Purchase Agreement; BASF Has Agreed To Purchase Up To ~0.8 Million Tonnes Per Annum Of LNG From Cheniere Marketing
Portfolio Pulse from Happy Mohamed
Cheniere Energy's subsidiary, Cheniere Marketing, has signed a long-term liquefied natural gas (LNG) sale and purchase agreement with BASF. Under the agreement, BASF will purchase up to 0.8 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.
August 22, 2023 | 12:33 pm
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POSITIVE IMPACT
Cheniere Energy Partners, a subsidiary of Cheniere Energy, is involved in the Sabine Pass Expansion Project, which is expected to benefit from the long-term agreement with BASF.
As a subsidiary of Cheniere Energy, Cheniere Energy Partners is involved in the Sabine Pass Expansion Project. The long-term agreement with BASF is expected to support this project, which could have a positive impact on the subsidiary's stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Cheniere Energy's long-term agreement with BASF for LNG sales is expected to support the Sabine Pass Expansion Project and provide a steady revenue stream.
The long-term agreement with BASF provides Cheniere Energy with a steady customer for its LNG, supporting its expansion project and ensuring a consistent revenue stream. This is likely to have a positive impact on the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100