Insight
Cheniere and CNPC conclude first ever US LNG sales contract to China
Report summary
Cheniere has signed two long-term SPAs with CNPC totalling 1.2 mmtpa. These deals provide further momentum for a final investment decision on Corpus Christi Train 3, planned this year. While it enables CNPC to accommodate short term needs ahead of the commissioning, by the end of 2019, of Power of Siberia. Could this deal also signal a return of legacy Asian LNG buyers to market? In this insight we provide an overview of these deals and links to our analysis of the strategic, corporate and market context for the drivers of these SPAs.
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- Cheniere and CNPC conclude first ever US LNG sales contract to China
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