Cheniere Deal Ups Demand for Gas from Canada's ARC Resources
Attachment: ARC-Cheniere 1123
November 30, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--ARC Resources Limited (Calgary, Alberta) touted a major win earlier this week when it entered into a long-term supply agreement with Cheniere Energy Incorporated (NYSE:LNG) (Houston, Texas) to supply 140,000 million British thermal units per day (MMBtu/d) of natural gas to Cheniere's Sabine Pass complex for a 15-year term. The deal will only add to the growing demand for ARC's Canadian-based product, to which it is responding with drilling expansions.
Industrial Info is tracking US$8.6 billion worth of active and planned projects from ARC, the bulk of which are in British Columbia's Montney Shale. ARC says it will utilize its existing contracted pipeline capacity to send feedstock to the U.S. Gulf Coast region, where Cheniere will process it into liquefied natural gas (LNG) for export to Europe and other destinations. ARC already has a long-term agreement to supply 140,000 MMBtu/d to Cheniere's Corpus Christi Stage III Project.
