Chevron and Cheniere sign long-term LNG supply agreement.

The US energy firm Chevron Corp has entered with the liquefied natural gas (LNG) producer Cheniere Energy for the long-term supply of LNG. With the deal, Chevron is able to take advantage of the expanding natural gas production and export capacities on the US Gulf Coast to meet LNG demand for the long term. According to Cheniere, two of its subsidiaries had entered purchase and sale deals that would permit Chevron to buy 2 M tonnes/y of LNG in total. Deliveries under the initial contract are set to start in 2026, reach whole volume of 1 M tonnes/y in 2027. Deliveries would continue through mid-2042. Under the second deal, deliveries are set to start in 2027 and last for around 15 years. The contract is subject to Cheniere's decision to fund the building of extra liquefaction capacity at the LNG terminal in Corpus Christi, TX, US. Original Source: Chemie Aktuell, http://www.maerkte-weltweit.de.