Canadian Natural Resources’ natural gas will supply Cheniere’s planned expansion of its Sabine Pass LNG facility. (Source: Shutterstock)
Cheniere Energy and Canadian Natural Resources signed a 15-year gas supply agreement, beginning in 2030, Cheniere announced May 28.
Canadian Natural will supply 140 MMcf/d of natural gas to Cheniere, enough to make about 0.85 million tonnes per year (mtpa) of LNG. Cheniere will market the product.
The supply will go towards Cheniere’s planned expansion of the Sabine Pass LNG facility and is therefore contingent on Cheniere moving forward with a final investment decision on the project.
Cheniere’s Sabine Pass Liquefaction Expansion Project would add up to 20 mtpa of new production capacity. The company plans to move forward with an FID in late 2026 or 2027.
According to the deal, natural gas pricing will be tied to the Platts Japan Korea Marker (JKM) index, with deductions for fixed liquefaction and shipping costs, according to the announcement.
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