Cheniere Energy, Pertamina sign 20-year LNG agreement

Cheniere Energy (LNG) signs a 20-year liquefied natural gas sale and purchase agreement with Indonesia's PT Pertamina, in which Pertamina will purchase ~800K/year metric tons of LNG upon commencement of operations from the LNG export facility being developed near Corpus Christi, Tex.

Pertamina is the first foundation customer for the Corpus Christi project, and the deal is the first long-term commitment made to procure liquefied natural gas from the international market for delivery into Indonesia.

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Comments (5)
  • jpmj4847
    , contributor
    Comments (571) | Send Message
    LNG , is now a true first mover. I said many years ago that then were way ahead of the game with their first signed permit in hand and in the middle of natural gas boom in our rich southern coastal region of Texas and Louisiana. We are now helping our self first in the U.S.A. and now comes the lagniappe .....welcome the international market. Yes, I got in early and will remain.... good times for all well into the future!!!! jpmj4847
    4 Dec 2013, 11:08 PM Reply Like
  • Jack Hutchison
    , contributor
    Comments (523) | Send Message
    This is eye-popping news. Cheniere, a marketer, sells to Pertamina, a producer. Me thinks there is big news behind the news.
    5 Dec 2013, 09:54 AM Reply Like
  • jobehro
    , contributor
    Comments (795) | Send Message
    Why are not insiders buying?
    5 Dec 2013, 09:36 PM Reply Like
  • Hendershott
    , contributor
    Comments (1831) | Send Message
    DB plugs this contract into their model and raises the value from $47 to $52. This contract is for 18% of the output from the first train from Corpus Christi. There are to be three trains. All things being equal (they never are) the numbers get quite large when all three trains are contracted for.
    6 Dec 2013, 01:21 PM Reply Like
  • jolacious
    , contributor
    Comments (105) | Send Message
    Anybody determine the buy limit for LNG?
    7 Dec 2013, 01:57 AM Reply Like
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