{"id":513941,"date":"2021-07-15T17:05:08","date_gmt":"2021-07-15T21:05:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cheniere-corpus-christi-stage-iii-and-tourmaline-sign-long-term-gas-supply-agreement\/"},"modified":"2021-07-15T17:05:08","modified_gmt":"2021-07-15T21:05:08","slug":"cheniere-corpus-christi-stage-iii-and-tourmaline-sign-long-term-gas-supply-agreement","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cheniere-corpus-christi-stage-iii-and-tourmaline-sign-long-term-gas-supply-agreement\/","title":{"rendered":"Cheniere Corpus Christi Stage III and Tourmaline Sign Long-Term Gas Supply Agreement"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\">\nCheniere Corpus Christi Stage III and Tourmaline Sign Long-Term Gas Supply Agreement\n<\/p>\n<p>HOUSTON&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nCheniere Energy, Inc. (\u201cCheniere\u201d) (NYSE American: LNG) announced today that its subsidiary, Corpus Christi Liquefaction Stage III, LLC (\u201cCorpus Christi Stage III\u201d), has entered into a long-term gas supply agreement (\u201cGSA\u201d) with Tourmaline Oil Marketing Corp. (\u201cTourmaline\u201d), a subsidiary of Tourmaline Oil Corp. (TSX: TOU), the largest natural gas producer in Canada.\n<\/p>\n<p>\nUnder the GSA, Tourmaline has agreed to sell 140,000 MMBtu per day of natural gas to Corpus Christi Stage III for a term of 15 years beginning in early 2023. The LNG associated with this gas supply, approximately 0.85 million tonnes per annum (\u201cmtpa\u201d), will be marketed by Cheniere. Cheniere will pay Tourmaline an LNG-linked price for its gas, based on the Platts Japan Korea Marker (JKM), after deductions for fixed LNG shipping costs and a fixed liquefaction fee. Tourmaline Oil Corp. is acting as guarantor of the GSA on behalf of Tourmaline. This Integrated Production Marketing (IPM) transaction is expected to support the development of the Corpus Christi Stage III project.\n<\/p>\n<p>\n\u201cThis latest IPM agreement with Canada\u2019s largest natural gas producer demonstrates the breadth of Cheniere\u2019s natural gas resource supply and the range of our commercial options,\u201d said Jack Fusco, Cheniere\u2019s President and CEO. \u201cThis commercial agreement is expected to support our shovel-ready Corpus Christi Stage III project while enabling Canadian natural gas to reach international LNG markets. Additionally, it reinforces Cheniere\u2019s track record of creating collaborative, innovative solutions to meet customers\u2019 needs and supports Cheniere\u2019s growth.\u201d\n<\/p>\n<p>\n\u201cOur long-term supply agreement with Cheniere is the next important step in Tourmaline Oil Corp\u2019s evolving market diversification strategy. We are pleased to be supplying low emission Canadian natural gas with Cheniere to growing international markets,\u201d said Mike Rose, Tourmaline Oil Corp\u2019s President and CEO.\n<\/p>\n<p>\nThe Corpus Christi Stage III project is being developed to include up to seven midscale liquefaction trains with a total expected nominal production capacity of approximately 10 mtpa. It has received all necessary regulatory approvals.\n<\/p>\n<p><b>About Cheniere<\/b><\/p>\n<p>\nCheniere Energy, Inc. is the leading producer and exporter of liquefied natural gas (LNG) in the United States, reliably providing a clean, secure, and affordable solution to the growing global need for natural gas. Cheniere is a full-service LNG provider, with capabilities that include gas procurement and transportation, liquefaction, vessel chartering, and LNG delivery. Cheniere has one of the largest liquefaction platforms in the world, consisting of the Sabine Pass and Corpus Christi liquefaction facilities on the U.S. Gulf Coast, with expected total production capacity of approximately 45 million tonnes per annum of LNG operating or under construction. Cheniere is also pursuing liquefaction expansion opportunities and other projects along the LNG value chain. Cheniere is headquartered in Houston, Texas, and has additional offices in London, Singapore, Beijing, Tokyo, and Washington, D.C.\n<\/p>\n<p>\nFor additional information, please refer to the Cheniere website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.cheniere.com&amp;esheet=52460940&amp;newsitemid=20210715006056&amp;lan=en-US&amp;anchor=www.cheniere.com&amp;index=1&amp;md5=ae6dd8cfc9f142ed0b08b27bebc6f245\">www.cheniere.com<\/a> and Quarterly Report on Form 10-Q for the quarter ended March 31, 2021, filed with the Securities and Exchange Commission.\n<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nThis press release contains certain statements that may include \u201cforward-looking statements\u201d within the meanings of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical or present facts or conditions, included herein are \u201cforward-looking statements.\u201d Included among \u201cforward-looking statements\u201d are, among other things, (i) statements regarding Cheniere\u2019s financial and operational guidance, business strategy, plans and objectives, including the development, construction and operation of liquefaction facilities, (ii) statements regarding expectations regarding regulatory authorizations and approvals, (iii) statements expressing beliefs and expectations regarding the development of Cheniere\u2019s LNG terminal and pipeline businesses, including liquefaction facilities, (iv) statements regarding the business operations and prospects of third parties, (v) statements regarding potential financing arrangements, (vi) statements regarding future discussions and entry into contracts, (vii) statements relating to the amount and timing of share repurchases, and (viii) statements regarding the COVID-19 pandemic and its impact on our business and operating results. Although Cheniere believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Cheniere\u2019s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere\u2019s periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere does not assume a duty to update these forward-looking statements.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210715006056r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210715006056\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210715006056\/en\/<\/a><\/span><\/p>\n<p><span class=\"bwuline\">Investors<br \/>\n<\/span><br \/>Randy Bhatia, 713-375-5479<\/p>\n<p><span class=\"bwuline\">Media Relations<br \/>\n<\/span><br \/>Eben Burnham-Snyder, 713-375-5764<br \/>\n<br \/>Jenna Palfrey, 713-375-5491\n<\/p>\n<p><b>KEYWORDS:<\/b> United States North America Canada Texas<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Energy Other Energy Oil\/Gas<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210715006056\/en\/639929\/3\/300x75_pixels.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Cheniere Corpus Christi Stage III and Tourmaline Sign Long-Term Gas Supply Agreement HOUSTON&#8211;(BUSINESS WIRE)&#8211; Cheniere Energy, Inc. (\u201cCheniere\u201d) (NYSE American: LNG) announced today that its subsidiary, Corpus Christi Liquefaction Stage III, LLC (\u201cCorpus Christi Stage III\u201d), has entered into a long-term gas supply agreement (\u201cGSA\u201d) with Tourmaline Oil Marketing Corp. (\u201cTourmaline\u201d), a subsidiary of Tourmaline Oil Corp. (TSX: TOU), the largest natural gas producer in Canada. Under the GSA, Tourmaline has agreed to sell 140,000 MMBtu per day of natural gas to Corpus Christi Stage III for a term of 15 years beginning in early 2023. The LNG associated with this gas supply, approximately 0.85 million tonnes per annum (\u201cmtpa\u201d), will be marketed by Cheniere. Cheniere will pay Tourmaline an &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cheniere-corpus-christi-stage-iii-and-tourmaline-sign-long-term-gas-supply-agreement\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Cheniere Corpus Christi Stage III and Tourmaline Sign Long-Term Gas Supply Agreement&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-513941","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cheniere Corpus Christi Stage III and Tourmaline Sign Long-Term Gas Supply Agreement - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cheniere-corpus-christi-stage-iii-and-tourmaline-sign-long-term-gas-supply-agreement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cheniere Corpus Christi Stage III and Tourmaline Sign Long-Term Gas Supply Agreement - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Cheniere Corpus Christi Stage III and Tourmaline Sign Long-Term Gas Supply Agreement HOUSTON&#8211;(BUSINESS WIRE)&#8211; Cheniere Energy, Inc. (\u201cCheniere\u201d) (NYSE American: LNG) announced today that its subsidiary, Corpus Christi Liquefaction Stage III, LLC (\u201cCorpus Christi Stage III\u201d), has entered into a long-term gas supply agreement (\u201cGSA\u201d) with Tourmaline Oil Marketing Corp. (\u201cTourmaline\u201d), a subsidiary of Tourmaline Oil Corp. (TSX: TOU), the largest natural gas producer in Canada. Under the GSA, Tourmaline has agreed to sell 140,000 MMBtu per day of natural gas to Corpus Christi Stage III for a term of 15 years beginning in early 2023. The LNG associated with this gas supply, approximately 0.85 million tonnes per annum (\u201cmtpa\u201d), will be marketed by Cheniere. 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(\u201cCheniere\u201d) (NYSE American: LNG) announced today that its subsidiary, Corpus Christi Liquefaction Stage III, LLC (\u201cCorpus Christi Stage III\u201d), has entered into a long-term gas supply agreement (\u201cGSA\u201d) with Tourmaline Oil Marketing Corp. (\u201cTourmaline\u201d), a subsidiary of Tourmaline Oil Corp. (TSX: TOU), the largest natural gas producer in Canada. Under the GSA, Tourmaline has agreed to sell 140,000 MMBtu per day of natural gas to Corpus Christi Stage III for a term of 15 years beginning in early 2023. The LNG associated with this gas supply, approximately 0.85 million tonnes per annum (\u201cmtpa\u201d), will be marketed by Cheniere. Cheniere will pay Tourmaline an &hellip; Continue reading \"Cheniere Corpus Christi Stage III and Tourmaline Sign Long-Term Gas Supply Agreement\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/cheniere-corpus-christi-stage-iii-and-tourmaline-sign-long-term-gas-supply-agreement\/","og_site_name":"Market Newsdesk","article_published_time":"2021-07-15T21:05:08+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210715006056r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cheniere-corpus-christi-stage-iii-and-tourmaline-sign-long-term-gas-supply-agreement\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cheniere-corpus-christi-stage-iii-and-tourmaline-sign-long-term-gas-supply-agreement\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Cheniere Corpus Christi Stage III and Tourmaline Sign Long-Term Gas Supply Agreement","datePublished":"2021-07-15T21:05:08+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cheniere-corpus-christi-stage-iii-and-tourmaline-sign-long-term-gas-supply-agreement\/"},"wordCount":832,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cheniere-corpus-christi-stage-iii-and-tourmaline-sign-long-term-gas-supply-agreement\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210715006056r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cheniere-corpus-christi-stage-iii-and-tourmaline-sign-long-term-gas-supply-agreement\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/cheniere-corpus-christi-stage-iii-and-tourmaline-sign-long-term-gas-supply-agreement\/","name":"Cheniere Corpus Christi Stage III and Tourmaline Sign Long-Term Gas Supply Agreement - 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