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October 12, 2021updated 25 Nov 2021 10:36am

Cheniere Energy signs 13-year LNG supply deal with ENN

Cheniere will supply around 0.9 million tonnes per annum of LNG on a free-on-board basis to ENN LNG.

By Archana Rani

Cheniere Energy, through its subsidiary Cheniere Marketing, has signed a deal with a unit of China’s natural gas distribution company ENN Natural Gas to supply LNG.

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Under the sale and purchase agreement (SPA), Cheniere Marketing will supply approximately 0.9 million tonnes per annum (Mtpa) of LNG on a free-on-board basis to ENN LNG (Singapore).

The deal, which is effective from July 2022, has a term of approximately 13 years.

ENN Natural Gas board chairman Wang Yusuo said: “China is making great efforts to achieve the goal of peak carbon emissions and carbon neutrality, boosting the reform of the natural gas market, and accelerating the structural adjustment of energy consumption.

“ENN is accelerating the usage of digital technology to build a modern energy system, and to promote intelligent upgrading of the natural gas industry.”

Under the deal, the LNG purchase price is indexed to the Henry Hub price and a fixed liquefaction fee.

Cheniere president and CEO Jack Fusco said: “The SPA also further advances Cheniere’s commercial momentum and marks another milestone in our efforts to contract our LNG capacity on a long-term basis in anticipation of an FID of Corpus Christi Stage 3, which we expect will occur next year.”

The Stage 3 expansion at the Corpus Christi plant will involve the development of up to seven ​’midscale’ trains with an aggregate nominal production capacity of approximately 10Mtpa.

This would increase the total nominal capacity of the Corpus Christi Liquefaction facility to approximately 25Mtpa.

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
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