Calgary-based producer Arc Resources Ltd. said it nearly doubled future liquefied natural gas (LNG) sales during the first quarter by landing a contract to supply an expansion to Cheniere Energy Inc.’s Corpus Christi terminal in South Texas. 

Alberta Gas

The deal would expand sales into overseas markets to 290 MMcf/d, management noted. The Cheniere deal would  add 140 MMcf/d to a previous sale to the Shell plc-led LNG Canada terminal under construction in British Columbia.

Deliveries to Cheniere’s Corpus terminal are forecast to start in 2027, when a seventh production train at the Gulf Coast terminal is scheduled to begin operating. Arc would be paid per the Japan Korea Marker LNG price, less shipping cost and liquefaction fee deductions.

The Cheniere deal supports a market...