The sales price for the US-sourced LNG cargoes is to be linked to the Dutch Title Transfer Index.
“This is a significant deal,” energy investment bank Tudor Pickering Holt said. “It is, we believe, the first US LNG deal that is linked into European spot prices; it implies that Cheniere thinks it can make money at current European gas futures prices over the next few years of about $7 per thousand cubic feet and that US gas prices will stay low.”
The
