Cheniere to Sell US LNG to China's Foran Group

The deal is one of several announced in recent weeks as LNG buyers seek to lock in long-term prices and supplies of natural gas.

Reuters

U.S. LNG company Cheniere Energy Inc. said on Nov. 24 its marketing arm agreed to sell LNG to a unit of Chinese natural gas distribution company Foran Energy Group Co Ltd. for 20 years starting in January 2023.

Analysts said the deal should move Cheniere closer to making a final investment decision (FID) to build the proposed Stage 3 expansion at its Corpus Christi plant in Texas, which is expected in 2022.

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