Cheniere will supply 0.8 mtpa of LNG to Germany’s BASF

Cheniere Energy has announced a new liquefied natural gas (LNG) supply deal with Germany’s BASF, where it will provide 0.8 million tonnes per annum (mtpa) of LNG. The deal marks another step in the United States’ emergence as the world’s largest LNG exporter, capitalizing on Europe’s search for alternative sources after Western sanctions limited access to Russian gas.

Cheniere Energy has been actively securing supply agreements, having previously signed deals with companies such as Equinor from Norway, Korea Southern Power, and China’s ENN Natural Gas.

This newly announced contract with BASF will also support Cheniere’s expansion efforts, particularly at its Sabine Pass LNG facility in Louisiana. The facility’s expansion aims to reach a total LNG capacity of around 20 mtpa.

The deliveries of LNG to BASF will commence in mid-2026 and are set to increase to approximately 0.8 mtpa once the seventh train of the Sabine Pass project becomes operational.

This long-term supply agreement is expected to extend until 2043, contributing to the stability of Cheniere’s business and supporting its expansion plans in the LNG market.

Elevate your business with QU4TRO PRO!

Gain access to comprehensive analysis, in-depth reports and market trends.

Interested in learning more?

Sign up for Top Insights Today

Top Insights Today delivers the latest insights straight to your inbox.

You will get daily industry insights on

Oil & Gas, Rare Earths & Commodities, Mining & Metals, EVs & Battery Technology, ESG & Renewable Energy, AI & Semiconductors, Aerospace & Defense, Sanctions & Regulation, Business & Politics.

By clicking subscribe you agree to our privacy and cookie policy and terms and conditions of use.

Read more insights

EU wants to make joint gas purchases permanent after high demand

The European Commission is proposing to make its joint gas purchase scheme permanent due to its success. This scheme was initiated by the EU in 2023 after Russia drastically reduced its gas deliveries to Europe in 2022, leading to record-high energy prices in the region. Despite having refilled its natural gas storage to over 90% capacity and a bearish market, the EU is concerned about potential future disruptions in gas supply, such as the Nord Stream 2 explosion that occurred last year. Originally set to expire in December, the Commission is now proposing to make the scheme permanent as part of a broader revamp of EU gas market rules.

Luxembourg’s Wave Nickel looking to build refinery in Texas

Luxembourg-based company Wave Nickel is embarking on an ambitious plan to establish a $440 million refinery in Texas, aimed at producing nickel sulfate, a critical component in the manufacturing of electric vehicle (EV) batteries. The venture seeks to leverage US government incentives, including provisions from President Joe Biden’s Inflation Reduction Act, to facilitate the construction of the refinery.

EU fears China could become new Russia in terms of economic dependence

A paper prepared for EU leaders has raised concerns about potential over-dependency on China for lithium-ion batteries and fuel cells by 2030, drawing a parallel with the EU’s past reliance on Russia for energy.

Stay informed

error: Content is protected !!