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Cheniere Energy strikes LNG supply deal with BASF

LNG 2023 energy trade show in Vancouver

(Reuters) - Cheniere Energy said on Tuesday it would supply 0.8 million tonnes per annum (mtpa) of liquefied natural gas (LNG) to Germany's BASF.

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.

Cheniere has also entered into supply deals with Norway's Equinor and Korea Southern Power as well as China's ENN Natural Gas earlier this year.

Tuesday's contract would also support Cheniere's Sabine Pass LNG expansion in Louisiana, which is being developed for up to about 20 mtpa of total LNG capacity.

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Deliveries will start in mid-2026 and increase to about 0.8 mpta once train seven of the Sabine Pass project comes online. The LNG supply deal will extend through 2043.

(This story has been corrected to remove the reference to 2026 deliveries being contingent on the final investment decision, and say the deal extends through 2043, not 2024, in paragraph 5)

(Reporting by Tanay Dhumal in Bengaluru; Editing by Shilpi Majumdar)