Cheniere Energy Inks Long-Term LNG Deal With BASF
Portfolio Pulse from Lekha Gupta
Cheniere Energy Inc's subsidiary, Cheniere Marketing, has signed a long-term liquefied natural gas (LNG) sale and purchase agreement with BASF SE. BASF will purchase up to 0.8 million tonnes per annum of LNG from Cheniere Marketing, with deliveries starting in mid-2026. The agreement will last until 2043. Cheniere Energy's shares are currently trading higher by 1.84%.
August 22, 2023 | 3:19 pm
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POSITIVE IMPACT
BASF has signed a long-term purchase agreement with Cheniere Energy, securing a stable supply of LNG until 2043.
The long-term purchase agreement with Cheniere Energy secures a stable supply of LNG for BASF, which is likely to be viewed positively by investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Cheniere Energy has signed a long-term deal with BASF, which could provide a stable revenue stream for the company. The company's shares are trading higher.
The long-term deal with BASF could provide a stable revenue stream for Cheniere Energy, which is likely to be viewed positively by investors. This is reflected in the increase in the company's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100