Cheniere to Sell LNG to China’s ENN in Long-term Deal

This is the first major binding deal for natural gas between the U.S. and China since a long-standing trade war which brought gas trade between both countries to a temporary standstill.

Chen Aizhu and Jessica Jaganathan, Reuters

Chinese natural gas distribution company ENN Natural Gas Co. Ltd. said on Oct. 11 it signed a 13-year deal to buy LNG from Cheniere Energy Inc. beginning in July 2022.

This is the first major binding deal for natural gas between the two nations since a long-standing trade war which brought gas trade between both countries to a temporary standstill.

The deal is for 0.9 million tonnes per annum (mtpa) of LNG and was purchased on a free-on-board (FOB) basis, ENN said on Oct. 11.

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