Cheniere Energy Inc. has snapped up another natural gas export contract with Taiwan’s state-owned oil and gas company.

Cheniere Marketing International LLP agreed under a 25-year sale and purchase agreement (SPA) to supply CPC Corp. Taiwan with 2 million metric tons/year (mmty) of liquefied natural gas (LNG).

The contract for the gas, to be delivered on an ex-ship basis, is to begin in 2021. Purchases would be indexed to the monthly Henry Hub price, plus a fee.

“The SPA follows a heads of agreement we signed with CPC in June, which was the result of long-term discussions and development of a commercial relationship with CPC over several years,” said CEO Jack Fusco. “This SPA demonstrates Cheniere’s growing capabilities to deliver tailored solutions to meet the energy needs of customers worldwide, and further reinforces our position as a premier global LNG provider.”

Cheniere owns and operates the Sabine Pass LNG terminal in Cameron Parish, LA, and through subsidiary Cheniere Energy Partners LP it is working on an expansion. The partnership is also developing and constructing a liquefaction project in South Texas near Corpus Christi.

Cheniere earlier this year issued a final investment decision to build a third train at the Corpus project. The first two trains are scheduled to begin service next year.

“Cheniere is also exploring a limited number of opportunities directly related to its existing LNG business,” management noted.

During a conference call last week to discuss second quarter results, Fusco said Cheniere in the first half of this year generated almost $4 billion of revenue and $350 million-plus in distributable cash flow (DCF). The company reconfirmed adjusted earnings guidance to $2.5 billion from $2.3 billion and revised DCF to $515 million from $400 million.

“Operationally, during the second quarter we produced and exported 61 cargos from Sabine Pass, and our year-to-date total is now over 150 cargos loaded and exported in the second quarter,” Fusco said. LNG from Sabine Pass is now destined for 28 countries.

Once operational, the addition of Corpus Christi would increase Cheniere’s run rate DCF/share by an estimated 20%, Fusco said. Train 3 is backstopped by long-term contracts with three counterparties.

“The market continues to move in our favor,” Fusco said. “And our origination team is progressing commercial efforts on multiple fronts and in multiple geographies.”