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Wed Sep 19, 2012, 12:56 PM

More Chinese petro...Cheniere to sell Corpus Christi LNG under long-term contracts

Guess who just made a major purcahse of Cheniere Energy?


Cheniere Energy Inc. (LNG) will sell as much as 90 percent of the output from its liquefied natural gas project in Corpus Christi, Texas, under long-term contracts.

The planned Corpus Christi site will produce 13 million to 15 million metric tons a year of LNG, Charif Souki, chief executive officer at Houston-based Cheniere, said today in an interview at a natural gas conference in Tokyo.

The company plans to follow the contracting model established at its Sabine Pass terminal in Louisiana, Souki said. Sixteen million tons of LNG from Sabine Pass, from a total output of 18 million tons, will be sold on long-term contracts of as long as 20 years, with the rest to be offered on the spot market, he said.

“Those are the volumes that we’re not sure we can produce year after year so these will remain in the spot market,” he said. The first spot cargoes from Sabine Pass will reach the market in late 2015 or early 2016, he said.

Cheniere’s Sabine Pass site is the first in the contiguous U.S. to be able to export LNG. The project is expected to cost about $5.6 billion.
http://fuelfix.com/blog/2012/09/19/cheniere-to-sell-corpus-christi-lng-under-long-term-contracts/?utm_source=WhatCountsEmail&utm_medium=FuelFix&utm_campaign=FuelFixNewsLetter

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Reply More Chinese petro...Cheniere to sell Corpus Christi LNG under long-term contracts (Original post)
white cloud Sep 2012 OP
leveymg Sep 2012 #1
white cloud Sep 2012 #2

Response to white cloud (Original post)

Wed Sep 19, 2012, 01:17 PM

1. China has also purchased much of the Canadian Tar Sands output. Looks like

they will get the kWhs while North America gets the sludge and fracking.

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Response to leveymg (Reply #1)

Wed Sep 19, 2012, 06:00 PM

2. China is using our money to buy

up Texas wind power wind farms, Texas OCS lease, NG , plastic pellets, now LNG facilities to export all this petro to china.

And we substidized the industry with taxpayer money.

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