Posco signs a long-term LNG supply deal with Cheniere

Korean steelmaker Posco Holdings has entered a long-term liquefied natural gas supply deal with Cheniere Energy for ~400K metric tons/year of LNG for 20 years, starting in 2026.

The deal is subject to a final investment decision to build the Corpus Christi Stage 3 project, which is being developed to include up to seven midscale liquefaction lines with a total expected nominal production capacity of more than 10M tons/year.

Earlier this month, Cheniere (LNG) announced an agreement to purchase feedstock gas for Corpus Christi Stage 3.

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