Latest news with #CheniereMarketing
Business Wire
07-08-2025
- Business
- Business Wire
Cheniere and JERA Sign Long-Term LNG Sale and Purchase Agreement
HOUSTON--(BUSINESS WIRE)--Cheniere Energy, Inc. ('Cheniere' or the 'Company') (NYSE: LNG) and JERA Co., Inc. ('JERA') jointly announced today that Cheniere Marketing, LLC ('Cheniere Marketing') and JERA have entered into a long-term liquefied natural gas ('LNG') sale and purchase agreement ('SPA'). Under the SPA, JERA has agreed to purchase approximately 1.0 million tonnes per annum ('mtpa') of LNG from Cheniere Marketing on a free-on-board basis from 2029 through 2050. The purchase price for LNG under the SPA is indexed to the Henry Hub price, plus a fixed liquefaction fee. 'We are pleased to enter into this multi-decade agreement with JERA, the largest power producer in Japan and one of the largest buyers of LNG in the world,' said Jack Fusco, Cheniere's President and Chief Executive Officer. 'This SPA fortifies our longstanding relationship with JERA, which is based upon years of cooperation and mutually beneficial LNG trade. We look forward to providing our flexible, reliable and cleaner burning LNG to JERA through 2050 under this new long-term agreement.' Yukio Kani, Global CEO and Chair of JERA adds, 'JERA and Cheniere have built a trusted relationship over many years, and we are pleased to extend this relationship further. This long-term agreement with Cheniere—a global leader in LNG—supports JERA's strategy to diversify and strengthen our LNG procurement portfolio, reinforcing our role as a long-term energy partner in the U.S. and deepening our commitment to securing reliable energy supplies. Together, we will continue to contribute to the energy security, stability, and sustainability of Japan and the broader region for decades to come.' About Cheniere Cheniere Energy, Inc. is the leading producer and exporter of LNG in the United States, reliably providing a clean, secure, and affordable solution to the growing global need for natural gas. Cheniere is a full-service LNG provider, with capabilities that include gas procurement and transportation, liquefaction, vessel chartering, and LNG delivery. Cheniere has one of the largest liquefaction platforms in the world, consisting of the Sabine Pass and Corpus Christi liquefaction facilities on the U.S. Gulf Coast, with total production capacity of approximately 49 mtpa of LNG in operation and an additional over 12 mtpa of expected production capacity under construction, inclusive of estimated debottlenecking opportunities. Cheniere is also pursuing liquefaction expansion opportunities and other projects along the LNG value chain. Cheniere is headquartered in Houston, Texas, and has additional offices in London, Singapore, Beijing, Tokyo, Dubai and Washington, D.C. For additional information, please refer to the Cheniere website at and Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, filed with the Securities and Exchange Commission. About JERA JERA is a global energy leader and Japan's largest power generation company focused on providing cutting-edge solutions to the world's energy issues. Established in 2015, the Company produces one-third of Japan's electricity, and is one of the largest LNG buyers in the world. JERA has global reach and strength throughout the energy supply chain, from participation in LNG upstream projects and fuel procurement, through fuel transportation to power generation. In support of a responsible energy transition, JERA has committed to achieving net-zero CO₂ emissions from its domestic and overseas businesses by 2050. Forward-Looking Statements This press release contains certain statements that may include 'forward-looking statements' within the meanings of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical or present facts or conditions, included herein are 'forward-looking statements.' Included among 'forward-looking statements' are, among other things, (i) statements regarding Cheniere's financial and operational guidance, business strategy, plans and objectives, including the development, construction and operation of liquefaction facilities, (ii) statements regarding regulatory authorization and approval expectations, (iii) statements expressing beliefs and expectations regarding the development of Cheniere's LNG terminal and pipeline businesses, including liquefaction facilities, (iv) statements regarding the business operations and prospects of third-parties, (v) statements regarding potential financing arrangements, (vi) statements regarding future discussions and entry into contracts, (vii) statements relating to Cheniere's capital deployment, including intent, ability, extent, and timing of capital expenditures, debt repayment, dividends, share repurchases and execution on the capital allocation plan, and (viii) statements relating to our goals, commitments and strategies in relation to environmental matters. Although Cheniere believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Cheniere's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere's periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere does not assume a duty to update these forward-looking statements.
Reuters
11-06-2025
- Business
- Reuters
Japan's JERA agrees to buy US LNG to rebalance supply portfolio
TOKYO, June 12 (Reuters) - JERA, Japan's biggest power generator, has agreed to new supply deals for U.S. liquefied natural gas (LNG) from four projects to diversify its global portfolio away from its reliance on Australia, it said on Thursday. JERA plans to buy up to 5.5 million metric tons per annum (mtpa) of U.S. LNG under 20-year contracts, with deliveries starting around 2030. That total includes some previously reported deals as well as newly announced agreements. The move illustrates Japan's efforts to seek stable and flexible LNG supply to strengthen energy security and meet growing electricity demand driven by expanding data centres. The country is the world's second-largest LNG importer after China. JERA, Japan's biggest LNG buyer, has signed a heads of agreement with Sempra Infrastructure for 1.5 mtpa from its Port Arthur LNG phase 2 project and a HOA with Cheniere Marketing for up to 1 mtpa from Corpus Christi LNG and Sabine Pass LNG. The Japanese utility also signed a 20-year sales and purchase agreement (SPA) with U.S. LNG developer Commonwealth LNG for 1 mtpa from its Louisiana project. On Tuesday, sources familiar with the negotiations told Reuters about the deal though both companies declined to comment at the time. The 5.5 mtpa figure also includes its deal announced on May 29 with NextDecade (NEXT.O), opens new tab to buy 2 mtpa from its Rio Grande LNG project. All four are 20-year, free-on-board contracts with no destination restrictions, although the Cheniere deal could go beyond 20 years, JERA said. "We made these decisions because cost-competitive and flexible LNG is essential as we look towards the 2030s," JERA's Global CEO and Chair Yukio Kani told Reuters. He added that LNG has become increasingly important amid rising power demand from data centres and the soaring costs of cleaner alternatives like hydrogen and ammonia. "We were also aiming to secure contracts with the projects already under development and tied to the EPC (engineering, procurement, and construction) agreements before the recent surge in LNG project costs and interest rates," he said. The announcement comes amid ongoing trade talks between Japan and the United States, though Kani stressed there was no government pressure behind the deals which he said were purely private sector decisions. "We are rebalancing towards the global supply mix," he said, to reduce its weighting toward Australia. After the new deals, the U.S. will supply nearly 30% of JERA's LNG mix, up from 10% now. Oceania and Asia, including Australia, currently account for more than half. JERA, jointly owned by Tokyo Electric Power (9501.T), opens new tab and Chubu Electric Power (9502.T), opens new tab, already buys U.S. supply from Freeport LNG and Cameron LNG. In 2023, it signed a 20-year contract to buy 1 mtpa from Venture Global's (VG.N), opens new tab CP2 project.
Yahoo
29-05-2025
- Business
- Yahoo
Cheniere Energy inks production marketing deal with Canadian Natural Resources
Cheniere Energy's subsidiary, Cheniere Marketing, has entered into a long-term integrated production marketing (IPM) agreement with Canadian Natural Resources. The deal, which is expected to start in 2030, involves the sale of 140 billion metric British thermal units per day of natural gas by a subsidiary of Canadian Natural Resources over a 15-year period. Under the terms of the agreement, the liquefied natural gas (LNG) associated with this gas supply, approximately 850,000 tonnes per annum (tpa), will be marketed by Cheniere Marketing. The pricing for the natural gas will be linked to the Platts Japan Korea Marker, with deductions for fixed LNG shipping costs and a fixed liquefaction fee. The execution of the IPM agreement is contingent upon Cheniere's positive final investment decision regarding the Sabine Pass Liquefaction Expansion Project. This project is expected to have a total production capacity of up to 20 million tonnes per annum of LNG, including estimated debottlenecking opportunities. In March, Cheniere Energy announced the substantial completion of Train 1 at the Corpus Christi Stage 3 Liquefaction Project in Texas, US. This milestone signifies the handover of Train 1 and its associated systems from Bechtel Energy, the project's engineering, procurement and construction partner, to Cheniere. In October 2024, Canadian Natural Resources reached a definitive agreement to acquire Chevron Canada's assets for $6.5bn (C$8.86bn). The deal included a 20% non-operated interest in the Athabasca Oil Sands Project and a 70% operated interest in the Duvernay shale formation, along with associated assets, all situated in Alberta, Canada. "Cheniere Energy inks production marketing deal with Canadian Natural Resources" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
29-05-2025
- Business
- Yahoo
Cheniere Energy inks production marketing deal with Canadian Natural Resources
Cheniere Energy's subsidiary, Cheniere Marketing, has entered into a long-term integrated production marketing (IPM) agreement with Canadian Natural Resources. The deal, which is expected to start in 2030, involves the sale of 140 billion metric British thermal units per day of natural gas by a subsidiary of Canadian Natural Resources over a 15-year period. Under the terms of the agreement, the liquefied natural gas (LNG) associated with this gas supply, approximately 850,000 tonnes per annum (tpa), will be marketed by Cheniere Marketing. The pricing for the natural gas will be linked to the Platts Japan Korea Marker, with deductions for fixed LNG shipping costs and a fixed liquefaction fee. The execution of the IPM agreement is contingent upon Cheniere's positive final investment decision regarding the Sabine Pass Liquefaction Expansion Project. This project is expected to have a total production capacity of up to 20 million tonnes per annum of LNG, including estimated debottlenecking opportunities. In March, Cheniere Energy announced the substantial completion of Train 1 at the Corpus Christi Stage 3 Liquefaction Project in Texas, US. This milestone signifies the handover of Train 1 and its associated systems from Bechtel Energy, the project's engineering, procurement and construction partner, to Cheniere. In October 2024, Canadian Natural Resources reached a definitive agreement to acquire Chevron Canada's assets for $6.5bn (C$8.86bn). The deal included a 20% non-operated interest in the Athabasca Oil Sands Project and a 70% operated interest in the Duvernay shale formation, along with associated assets, all situated in Alberta, Canada. "Cheniere Energy inks production marketing deal with Canadian Natural Resources" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
28-05-2025
- Business
- Business Wire
Cheniere Signs Long-Term Integrated Production Marketing Agreement with Canadian Natural Resources Limited
HOUSTON--(BUSINESS WIRE)--Cheniere Energy, Inc. ('Cheniere') (NYSE: LNG) announced today that its subsidiary, Cheniere Marketing, LLC ('Cheniere Marketing'), has entered into a long-term Integrated Production Marketing ('IPM') gas supply agreement with Canadian Natural Resources Limited. Under the IPM agreement, a subsidiary of Canadian Natural Resources Limited has agreed to sell 140,000 MMBtu per day of natural gas to Cheniere Marketing for a term of 15 years, which is expected to commence in 2030. Canadian Natural Resources Limited is acting as guarantor of the IPM agreement. The liquefied natural gas ('LNG') associated with this gas supply, approximately 0.85 million tonnes per annum ('mtpa'), will be marketed by Cheniere Marketing. Cheniere Marketing will pay an LNG-linked price for the natural gas, based on the Platts Japan Korea Marker (JKM), after deductions for fixed LNG shipping costs and a fixed liquefaction fee. The IPM agreement is subject to Cheniere making a positive Final Investment Decision with respect to the Sabine Pass Liquefaction Expansion Project ('SPL Expansion Project'). The SPL Expansion Project is being developed with an expected total production capacity of up to approximately 20 mtpa of LNG, inclusive of estimated debottlenecking opportunities. About Cheniere Cheniere Energy, Inc. is the leading producer and exporter of LNG in the United States, reliably providing a clean, secure, and affordable solution to the growing global need for natural gas. Cheniere is a full-service LNG provider, with capabilities that include gas procurement and transportation, liquefaction, vessel chartering, and LNG delivery. Cheniere has one of the largest liquefaction platforms in the world, consisting of the Sabine Pass and Corpus Christi liquefaction facilities on the U.S. Gulf Coast, with total production capacity of over 46 mtpa of LNG in operation and an additional 8+ mtpa of expected production capacity under construction. Cheniere is also pursuing liquefaction expansion opportunities and other projects along the LNG value chain. Cheniere is headquartered in Houston, Texas, and has additional offices in London, Singapore, Beijing, Tokyo, Dubai and Washington, D.C. For additional information, please refer to the Cheniere website at and Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, filed with the Securities and Exchange Commission. Forward-Looking Statements This press release contains certain statements that may include 'forward-looking statements' within the meanings of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical or present facts or conditions, included herein are 'forward-looking statements.' Included among 'forward-looking statements' are, among other things, (i) statements regarding Cheniere's financial and operational guidance, business strategy, plans and objectives, including the development, construction and operation of liquefaction facilities, (ii) statements regarding regulatory authorization and approval expectations, (iii) statements expressing beliefs and expectations regarding the development of Cheniere's LNG terminal and pipeline businesses, including liquefaction facilities, (iv) statements regarding the business operations and prospects of third-parties, (v) statements regarding potential financing arrangements, (vi) statements regarding future discussions and entry into contracts, (vii) statements relating to Cheniere's capital deployment, including intent, ability, extent, and timing of capital expenditures, debt repayment, dividends, share repurchases and execution on the capital allocation plan, and (viii) statements relating to our goals, commitments and strategies in relation to environmental matters. Although Cheniere believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Cheniere's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere's periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere does not assume a duty to update these forward-looking statements.
