Cheniere Energy and BASF Secure Long-Term LNG Supply Agreement

Cheniere Energy has announced a deal to supply 0.8 million tonnes per annum (mtpa) of liquefied natural gas (LNG) to BASF, a German chemical company. This agreement supports Cheniere's Sabine Pass LNG expansion in Louisiana and extends through 2043. Cheniere has previously entered into supply deals with Equinor, Korea Southern Power, and ENN Natural Gas. The United States has become the world's largest LNG exporter due to Western sanctions on Russia, which has led Europe to seek alternative sources of LNG.