Cheniere Energy reaches 20-year LNG contract with Malaysian firm

Cheniere Energy Partners, L.P. the company building a $1 billion natural gas line out of Oklahoma’s STACK and SCOOP plays announced this week it’s reached a 20-year liquefied natural gas contract with a subsidiary of a Malaysian state-owned oil and gas company.

Cheniere’s subsidiary Sabine Pass Liquefaction, LLC made the deal with PETRONAS LNG Ltd. PETRONAS agreed to buy nearly 1.1 million tons a year of LNG from Sabine Pass Liquefaction for a term of 20 years.

Jack Fusco, Chairman, President and CEO of Cheniere Partners described PETRONAS as one of the largest and most experiences participants in the global LNG market.

 

Cheniere Partners, through its subsidiary, Sabine Pass Liquefaction, is developing, constructing, and operating natural gas liquefaction facilities at the Sabine Pass LNG terminal located in Cameron Parish, Louisiana, on the Sabine-Neches Waterway less than

Cheniere received federal approval earlier in the year to construct the MidShip line to carry natural gas out of Oklahoma’s STACK and SCOOP plays.