Cheniere Marketing International LLP has inked another liquefied natural gas (LNG) supply deal with Electricite de France SA (EDF) that is pegged to the Dutch Title Transfer index, a leading natural gas pricing index for continental Europe.

The Cheniere Energy Inc. unit agreed to deliver up to 24 cargoes, or up to 89 million MMBtu total, on an ex-ship basis from 2017 through 2018. The cargoes are to come from Cheniere’s Sabine Pass LNG terminal, which is slated to begin commercial operation in Louisiana by the end of this year.

With this latest agreement, Cheniere Marketing has executed agreements for the sale of up to 92 cargoes, or up to 340 million MMBtu, to buyers in Europe and Asia through 2018. Last month, Cheniere Marketing announced a similar deal for up to 26 cargoes (see Daily GPI, Aug. 13).

At the time, some analysts said that deal was noteworthy because it was possibly the first U.S. LNG deal linked to 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/Mcf and that U.S. gas prices will stay low,” Tudor, Pickering, Holt & Co. analysts said at the time.

Cheniere Marketing has rights under a sale and purchase agreement (SPA) with Sabine Pass Liquefaction LLC to purchase any LNG produced from Sabine Pass in excess of that required for other customers. Cheniere Marketing has a similar SPA with Corpus Christi Liquefaction LLC for LNG produced from Cheniere’s Corpus Christi liquefaction project.

On a combined basis, Cheniere Marketing’s LNG portfolio is expected to have 9 million tonnes per annum of LNG available from Trains 1 through 6 of Sabine Pass, and Trains 1 through 3 of Corpus Christi Liquefaction.