Cheniere, Apache sign natural gas supply dealSeeking AlphaJune 7, 2019
Apache ( APA +1.9%) says it will sell 140K MMBtu/day of natural gas to Cheniere Energy’s ( LNG +2.7%) Corpus Christi Liquefaction Stage 3 to be used in marketing 850K mt/year of LNG.
Cheniere will market the liquefied natural gas overseas while APA will receive an LNG price minus a fixed liquefaction fee and other costs.
Corpus Christi Stage 3 is being developed to include up to seven midscale liquefaction trains with a total expected nominal production capacity of 9.5M mt/year.
Separately, Cheniere said it made a final investment decision to build a sixth production train at its Sabine Pass LNG export terminal in Louisiana and raised its total company-wide production guidance.