China Inks First Term Deal for U.S. LNG Since Trade War Erupted
- Foran Energy says it signed framework agreement with Cheniere
- Deal involves purchase of 26 cargoes between 2021 and 2025
A worker at Cheniere’s LNG terminal in Corpus Christi, Texas.
Photographer: Eddie Seal/BloombergThis article is for subscribers only.
China inked its first term deal to buy liquefied natural gas from an American exporter since the trade war disrupted deliveries, a sign of confidence that relations with the U.S. could be normalizing.
Foran Energy Group said it signed a framework agreement with U.S. producer Cheniere Energy Inc. to purchase 26 cargoes between 2021 and 2025. The deal was made during the annual trade fair in Shanghai, a signature project of President Xi Jinping designed to showcase China’s openness to the world. Prices will be linked to the U.S. Henry Hub benchmark.