Wednesday, May 29, 2024

Cheniere, Equinor ink Long-term LNG Deal

June 21, 2023

Arctic Voyager leaving Hammerfest LNG. (Photo: Rino Engdal / Equinor)

Equinor and Cheniere announced a new 15-year purchase agreement of around 1.75 million tons of LNG per year, with half of the volume starting from 2027. This agreement brings the total volumes that Equinor has contracted with Cheniere up to around 3.5 million tonnes per year.

This new Sales and Purchase Agreement (SPA) with Cheniere will double the volumes of LNG that Equinor will export out of Cheniere’s LNG terminals on the U.S. Gulf coast.

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