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Cheniere Signs QatarEnergy LNG Deals for 4 mtpa Till 2054

By Drooid · Oct 23, 2026, 10:49 PM UTC · How we work

Summary

Cheniere Signs LNG Deal

Cheniere Energy signs long-term LNG agreements with QatarEnergy for 4 mtpa through 2054.
Sabine Pass and Corpus Christi units will each deliver 2 mtpa of LNG on FOB Henry Hub price.
Deliveries begin in the early 2030s and continue until the end of 2054.
One mtpa from Sabine Pass requires a positive final investment decision for phase-one expansion.
Expansion aims for up to 20 mtpa extra capacity raising Sabine Pass output above 50 mtpa.

Summary

QatarEnergy Issues ForceMajeure

The Iran war cut Qatar’s LNG exports by almost 90% year-on-year.
QatarEnergy issued force majeure notices to buyers in Pakistan, Bangladesh and Italy’s Edison.
Repairing Ras Laffan’s damaged trains may cost Qatar about $20 billion in annual lost revenue.
The contracts mark Qatar’s shift from exporter to major international LNG trader during regional instability.

History

Historical Context

After OAPEC’s October 1973 oil embargo cut U.S. crude supplies, the United States, whose domestic output had fallen to 16 % of world production, turned to alternative fuels and new gas projects, spurring LNG import terminal plans. The shock also opened exploration in the North Sea and Caspian, and oil prices jumped nearly 300 % by early 1974, reshaping supply chains that link Cheniere Energy with QatarEnergy.

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Cheniere Signs LNG Deal

Cheniere Energy signs long-term LNG agreements with QatarEnergy for 4 mtpa through 2054.
Sabine Pass and Corpus Christi units will each deliver 2 mtpa of LNG on FOB Henry Hub price.
Deliveries begin in the early 2030s and continue until the end of 2054.
One mtpa from Sabine Pass requires a positive final investment decision for phase-one expansion.
Expansion aims for up to 20 mtpa extra capacity raising Sabine Pass output above 50 mtpa.

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