Equinor & Cheniere have announced a 15-year purchase agreement of around 1.75 million tonnes of LNG per year starting from 2026. Under the SPA, Equinor has agreed to purchase approximately 1.75 million tonnes per annum of LNG from Cheniere Marketing on a free-on-board basis for a term of approximately 15 years. The deliveries under the SPA will start in the second half of 2026 and reach the full 1.75 million tonnes per annum in the second half of 2027. Half of the volume, or approximately 0.9 million tonnes per annum, is subject to Cheniere making a positive final investment decision to construct additional liquefaction capacity at the Corpus Christi LNG Terminal beyond the seven-train Corpus Christi Stage III Project.This new Sales and Purchase Agreement will add new volumes to Equinor’s already significant gas portfolio of pipeline gas and LNG.With global energy demand growing and increased focus on energy security, the LNG market is expected to grow significantly. US LNG can supply the European markets as well as cover demand in other markets.
Equinor & Cheniere have announced a 15-year purchase agreement of around 1.75 million tonnes of LNG per year starting from 2026. Under the SPA, Equinor has agreed to purchase approximately 1.75 million tonnes per annum of LNG from Cheniere Marketing on a free-on-board basis for a term of approximately 15 years. The deliveries under the SPA will start in the second half of 2026 and reach the full 1.75 million tonnes per annum in the second half of 2027. Half of the volume, or approximately 0.9 million tonnes per annum, is subject to Cheniere making a positive final investment decision to construct additional liquefaction capacity at the Corpus Christi LNG Terminal beyond the seven-train Corpus Christi Stage III Project.This new Sales and Purchase Agreement will add new volumes to Equinor’s already significant gas portfolio of pipeline gas and LNG.With global energy demand growing and increased focus on energy security, the LNG market is expected to grow significantly. US LNG can supply the European markets as well as cover demand in other markets.
