Cheniere, ARC Resources agree to another long-term gas supply deal (NYSE:LNG)
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Cheniere Energy (NYSE:LNG) said Wednesday it has entered into a long-term natural gas supply agreement with ARC Resources (OTCPK:AETUF), as well as a separate liquefied natural gas sale and purchase agreement with OMV (OTCPK:OMVJF).
ARC Resources (OTCPK:AETUF) will supply 140K MMBtu/day of natural gas for 15 years, starting with commercial operations of the first train of the Sabine Pass liquefaction expansion project in Louisiana, which is anticipated by 2029.
The long-term deal is the second between Cheniere Energy (LNG) and ARC Resources (OTCPK:AETUF) after the first one in 2022.
Separately, Cheniere (LNG) said it will supply OMV (OTCPK:OMVJF) with up to 12 liquefied natural gas cargoes per year, or ~850K tons/year of LNG, starting in late 2029.
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