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Bullboard - Stock Discussion Forum Nuvista Energy Ltd T.NVA

Alternate Symbol(s):  NUVSF

NuVista Energy Ltd. is an oil and natural gas company, which is engaged in the exploration for, and the development and production of, oil and natural gas reserves in the Western Canadian Sedimentary Basin. Its primary focus is on the scalable and repeatable condensate rich Montney formation in the Alberta Deep Basin (Wapiti Montney). Its core operating areas of Wapiti and Pipestone in the... see more

TSX:NVA - Post Discussion

Nuvista Energy Ltd > Equinor, Cheniere Sign LNG Agreement for Sabine Pass Expansi
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Post by Carjack on Jun 21, 2023 1:42pm

Equinor, Cheniere Sign LNG Agreement for Sabine Pass Expansi

June 21 (Reuters) - Cheniere Energy has entered into a long-term agreement with Norway's Equinor to supply 1.75 million tonnes of liquefied natural gas (LNG) per annum, it said on Wednesday.

Sabine Pass LNG project

The United States has emerged as the world's largest LNG exporter after Western sanctions on major supplier Russia left Europe scrambling to find alternate sources for the commodity.

Houston, Texas-based Cheniere said the supply agreement will help support the proposed expansion of its Sabine Pass natural gas plant in Louisiana.

The delivery of half of the contract volume would begin in 2027 and the other half is expected by the end of this decade on reaching a positive final investment decision for the Sabine Pass project, the company said.

The supply agreement is for 15 years, starting from the first delivery of total contract volume.

The firms had signed an LNG supply deal last year, and the new agreement doubles the volume of LNG that Equinor will export out of Cheniere's LNG terminals on the U.S. gulf coast, the Norwegian firm said.

"Equinor has an ambition to strengthen its role as a leading supplier of natural gas and with our supply agreements with Cheniere we are expanding our global position," said Helge Haugane, Equinor's Senior Vice President for Gas and Power.

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