Cheniere Energy Inc. said Tuesday that it has already signed an agreement to supply LNG from a massive expansion of its Sabine Pass liquefaction (SPL) terminal in Louisiana just two months after it kicked off the federal permitting process. 

CEO Jack Fusco told analysts during a call to discuss the company’s first quarter results that the 20-plus year deal to supply an investment-grade offtaker in Asia with 0.4 million metric tons/year (mmty) signals “early commercial momentum” for its SPL Stage 5 expansion project. Fusco said the company was not ready to share all of the details of the agreement, but he added that it would be contingent on sanctioning the 20 mmty project’s first train.  

Along with existing capacity, and other expansions underway at its Corpus Christi...