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Cheniere’s China deals may help Corpus Christi expand

Cheniere has become the first US LNG exporter to sign a long-term deal with China, helping to underpin the development of a third train at Corpus Christi Cheniere has become the first US LNG exporter to sign a long-term deal with China, helping to underpin the development of a third train at Corpus Christi.
By Peter Stewart 14 February 2018 0 29572
The Sabine Pass LNG plant. (Cheniere)

Cheniere’s two long-term LNG supply contracts with China National Petroleum Corp. (CNPC) – the first between China and an American LNG exporter – could allow it to expand its Corpus Christi export plant through the addition of a third train.

Cheniere announced on 9 February that it had signed two LNG sales-and-purchase agreements with state-run CNPC. Under the deal, CNPC subsidiary PetroChina International will buy around 1.2 mtpa of LNG, with prices linked to the Henry Hub plus a fixed component. Cheniere said the contract...