US LNG Deal Bolsters QatarEnergy Amid Iran-War Disruptions

QatarEnergy and Cheniere Energy Inc. have signed two sale-and-purchase agreements for a total of 4 MTPA of LNG. Each Cheniere subsidiary—Sabine Pass Liquefaction, LLC (Louisiana) and Corpus Christi Liquefaction, LLC (Texas)—will supply 2 MTPA on a free-on-board (FOB) basis. The contracts run through 2054, with deliveries slated for the early 2030s. Pricing is indexed to the U.S. Henry Hub benchmark plus a fixed fee. One megaton of the Sabine Pass volume is contingent on a final investment decision for the first phase of the Sabine Pass expansion.

Cheniere secures 4 mtpa LNG supply deal with QatarEnergy Cheniere signs 4 MMtpy LNG deals with QatarEnergy through 2054 Cheniere signs LNG supply deals with QatarEnergy through 2054 Cheniere Secures 4 MTPA LNG Deal with QatarEnergy Through 2054 Cheniere signs long-term SPA with QatarEnergy Cheniere signs long-term SPA to supply QatarEnergy with LNG through 2054

The agreements were announced as the Iran-War has sharply curtailed Qatar’s LNG output. Iranian missile strikes in March damaged two of Ras Laffan’s fourteen trains, removing about 12.8 MTPA—roughly 17 % of Qatar’s export capacity. QatarEnergy has invoked force majeure on its contracts each month since the attack and projects three to five years for repairs, with estimated revenue losses of $20 billion annually. The disruption prompted Qatar to seek alternative supply sources, leading to the U.S. deal.

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• Total contracted volume: 4 MTPA (2 MTPA from each U.S. terminal)

Cheniere secures 4 mtpa LNG supply deal with QatarEnergy

• Conditional volume: 1 MTPA of Sabine Pass supply pending FID

Cheniere secures 4 mtpa LNG supply deal with QatarEnergy

• Delivery window: early 2030s – end of 2054

QatarEnergy Signs Long-Term Deal to Buy U.S. LNG as Iran War Disrupts Exports

• Pricing formula: Henry Hub price + fixed fee (FOB)

Cheniere Secures 4 MTPA LNG Deal with QatarEnergy Through 2054

• Cheniere’s U.S. capacity: ~56 MTPA operating, ~5 MTPA under construction

Cheniere secures 4 mtpa LNG supply deal with QatarEnergy

• Sabine Pass expansion goal: up to 20 MTPA peak addition, raising total capacity to >50 MTPA; Phase 1 expected to add >6 MTPA

Cheniere secures 4 mtpa LNG supply deal with QatarEnergy

• Qatar’s export decline: shipments fell almost 90 % from a year earlier; recovery to about one-third of pre-war levels by month-end.

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• Jack Fusco, Chairman, President and CEO of Cheniere, called the contracts “pivotal, multi-decade agreements” that reinforce Cheniere’s leadership in U.S. LNG.

Cheniere Secures 4 MTPA LNG Deal with QatarEnergy Through 2054

• “We look forward to reliably supplying QatarEnergy from both Sabine Pass and Corpus Christi into the second half of this century,” — Jack Fusco, Cheniere CEO

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• “This major long-term purchase will expand and diversify our global LNG portfolio and advance our ability to meet the evolving requirements of the market,” — Saad Sherida Al-Kaabi, QatarEnergy CEO

QatarEnergy Signs Long-Term Deal to Buy U.S. LNG as Iran War Disrupts Exports

The contracts give QatarEnergy a reliable U.S. LNG source outside the Persian Gulf, mitigating further export disruptions. For Cheniere, the off-take secures demand visibility that supports the Sabine Pass expansion, aiming to boost U.S. export capacity to more than 50 MTPA. The deal also reflects a broader shift as U.S. exporters gain market share amid Gulf geopolitical instability.

QatarEnergy Signs Long-Term Deal to Buy U.S. LNG as Iran War Disrupts Exports

• March (year unspecified): Iranian missile strikes damage Ras Laffan trains.

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• May 2026: Cheniere signs lump-sum EPC contract with Bechtel for Sabine Pass Phase 1.

Cheniere signs 4 MMtpy LNG deals with QatarEnergy through 2054

• Thursday (announcement day): QatarEnergy and Cheniere sign the 4 MTPA SPAs, effective through 2054.

QatarEnergy signs long-term agreements to purchase 4 MTPA of U.S. LNG from Cheniere through 2054

• Early 2030s: Commencement of LNG deliveries under the agreements.

Cheniere Secures 4 MTPA LNG Deal with QatarEnergy Through 2054