Engie to offtake Corpus Christi LNG

Thursday, 25 November 2021
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During the summer, Cheniere Energy signed a medium-term supply deal with French utility Engie.

This supply deal was tied to the Corpus Christi Liquefaction terminal in Texas, according to a recently released letter sent to the US Department of Energy (DoE) that was previously filed under seal, Global S&P Platts reported.

Under the terms of the 11-year sale and purchase agreement (SPA), a range of between 0.4-1.2 mill tonnes per year of LNG will be delivered to Engie on a free on board (FOB) basis from Cheniere’s Corpus Christi terminal.

This transaction was signed on 23rd June, according to the letter, which was dated 23rd July. The terms of the contract, beyond its length, volume and delivery basis, were not disclosed. The contract was to begin in year, though the letter did not give a date.

In addition, Engie has not publicly announced the deal, Platts said.

This year, Cheniere has announced the signing of supply deals with Canada's Tourmaline, a subsidiary of Swiss commodity trader Glencore; China's Sinochem and an affiliate of China's ENN Natural Gas.

In 2015, Cheniere said that its marketing unit had signed a five-year deal with Engie for the delivery of LNG cargoes on an ex-ship basis, primarily to the Montoir de Bretagne LNG regasification terminal in France.

That SPA covered the delivery of up to 12 cargoes per year from 2018 to 2023, with the volumes linked to Northern European indices, Platts said. 

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