QatarEnergy signed a contract for up to 7 million tons per year of U.S. LNG

QatarEnergy signed two long-term deals to buy up to 7 million tonnes per year of U.S. LNG, including a 4 million tpa agreement with Cheniere Energy announced October 22 covering 2 million tpa each from Sabine Pass and Corpus Christi, priced off Henry Hub plus a fixed fee and running from the early 2030s through late 2054. A second contract accounts for the remaining volumes. Because deliveries do not begin until 2030 or the early 2030s, the supply cannot immediately offset current shipping disruptions through the Strait of Hormuz. The agreements deepen Qatar's exposure to U.S. gas benchmarks and Atlantic-basin supply. What to watch next is the terms and start date of the second contract and whether further Qatari purchases follow.