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Cheniere and EOG announce LNG-priced gas sales agreement to support Corpus Christi Stage 3

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17 September 2019

Cheniere and EOG announce LNG-priced gas sales agreement to support Corpus Christi Stage 3

Report summary

On the eve of Gastech in Houston, Cheniere announced gas sales agreements (GSAs) with EOG to Corpus Christi Stage 3. EOG will supply up to 440 mmcfd to the facility, 140 mmcfd of which will be JKM linked while the remaining 300 mmcfd will have Henry Hub indexation. This is the second deal where a US producer is selling gas to Cheniere linked to international LNG pricing, after Apache signed an agreement in June. The Cheniere-EOG agreement signals a growing appetite for US upstream produces to support the development of US LNG exports. Read this inform for our take on this agreement, why EOG was an ideal counterparty and what this means for Corpus Christi Stage 3 FID.

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    Cheniere and EOG announce LNG-priced gas sales agreement to support Corpus Christi Stage 3

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