Cheniere Energy, Inc. has announced that its subsidiary, Cheniere Marketing, LLC, has entered into a long-term Integrated Production Marketing gas supply agreement with Canadian Natural Resources Limited. This strategic deal strengthens Cheniere’s upstream gas portfolio in support of the Sabine Pass Liquefaction Expansion Project (SPL Expansion Project), which is currently under development.
Under the terms of the agreement, a subsidiary of Canadian Natural Resources Limited will supply 140,000 MMBtu per day of natural gas to Cheniere Marketing for a duration of 15 years, beginning in 2030. Canadian Natural Resources Limited will act as the guarantor for the deal. The natural gas will be converted into approximately 0.85 million tonnes per annum of liquefied natural gas, which will be marketed by Cheniere Marketing.
The pricing structure is linked to the Platts Japan Korea Marker, with adjustments to account for fixed LNG shipping costs and a fixed liquefaction fee. The agreement remains contingent upon Cheniere making a positive Final Investment Decision on the SPL Expansion Project.
The SPL Expansion Project is set to add up to approximately 20 mtpa of LNG production capacity at the Sabine Pass facility in Louisiana, including potential capacity gains from debottlenecking.
This agreement marks another milestone in Cheniere’s integrated gas strategy and reflects growing demand for long-term, JKM-linked LNG supply as global markets increasingly seek reliable and flexible energy solutions.
For more information visit www.cheniere.com
