May 25 (LNGJ) - Cheniere Energy has entered into an LNG sales agreement with a subsidiary of South Korean steel and energy company POSCO Holdings. Under the deal POSCO has agreed to buy 400,000 tonnes per annum on a free-on-board basis from Cheniere Marketing for a period of 20 years.
The volumes will come from Cheniere’s planned expansion of the Corpus Christi export plant in Texas and would commence in 2026. The purchase price is indexed to the Henry Hub price, plus a fixed liquefaction fee. “We are pleased to enter into this long-term LNG contract with POSCO, a key player in the global industrial complex, and we look forward to a successful, long-term relationship,” stated Cheniere President and Chief Executive Jack Fusco.
