Cheniere pushes Henry Hub LNG price correlation

摘要

LNG prices could become more closely correlated to the US’ Henry Hub natural gas because of the absence of other trading liquid hubs, US firm Cheniere says. Henry Hub is the only gas trading point that can be used to manage LNG market risk other than the prompt LNG market, Cheniere says. Offtake agreements from the company’s 16mn t/yr Sabine Pass and 13.5mn t/yr Corpus Christi facilities are priced at 115pc of the Henry Hub price for the month of loading, plus a fixed fee. So far, Cheniere has agreements in place for around 20mn t/yr of LNG from Sabine Pass and 7.65mn t/yr from Corpus Christi. First exports from Sabine Pass are expected in late 2015 (AGL, September, p3).