Cheniere and EOG Resources sign long-term Gas Supply Agreements
September 16, 2019
Cheniere Energy announced that its subsidiaries, Corpus Christi Liquefaction and Cheniere Corpus Christi Liquefaction Stage III have entered into long-term gas supply agreements with EOG Resources. Under the GSAs, EOG has agreed to sell natural gas to Cheniere over a period of approximately 15 years beginning in early 2020, starting at 140,000 MMBtu per day and increasing to 440,000 MMBtu per day. The 140,000 MMBtu per day will be owned and marketed by Cheniere and EOG will receive a price based on the Platts Japan Korea Marker (JKM) for this gas. The remaining 300,000 MMBtu per day will be sold by EOG to Cheniere at a price indexed to Henry Hub.
Edited from Cheniere Energy press release.
