Cheniere Energy Inc. has announced a 15-year Integrated Production Marketing (IPM) agreement through its subsidiary, Cheniere Marketing LLC, with Canadian Natural Resources Ltd., marking a significant step in securing future natural gas supply for liquefied natural gas (LNG) export.

Under the terms of the deal, a subsidiary of Canadian Natural will provide 140,000 MMBtu per day of natural gas to Cheniere Marketing. The agreement is scheduled to begin in 2030 and will run through 2045. Canadian Natural will serve as the guarantor of the contract, ensuring delivery and performance over the full term.

The natural gas will be linked to LNG production and sales. Cheniere Marketing plans to market approximately 0.85 million tonnes per annum (mtpa) of LNG derived from the supply. The price Cheniere Marketing will pay for the gas will be indexed to the Platts Japan Korea Marker (JKM), with adjustments made for fixed shipping and liquefaction costs.

The agreement is contingent on Cheniere making a positive final investment decision (FID) on its Sabine Pass Liquefaction Expansion Project, known as the SPL Expansion Project. This expansion, currently in development, is expected to increase total LNG production capacity by up to 20 mtpa, including potential capacity gains from debottlenecking operations.

The SPL Expansion Project is located at Cheniere’s existing Sabine Pass facility in Louisiana, one of the largest LNG export terminals in the United States. The project aims to meet rising global demand for LNG and enhance supply flexibility to key markets in Asia and beyond.

This long-term agreement represents Cheniere’s continued strategy to integrate gas supply with global LNG sales, providing greater certainty and stability for both producers and end users. The IPM model helps link upstream natural gas production directly to international LNG markets, aligning price signals and fostering long-term partnerships.

“Securing reliable and cost-effective natural gas supply is a critical element of our growth strategy,” said Cheniere in a statement. “This agreement with Canadian Natural supports the advancement of the SPL Expansion Project and positions us to meet anticipated customer demand in the next decade.”

Canadian Natural, one of Canada’s largest independent crude oil and natural gas producers, reinforces its LNG export potential through this partnership. The deal reflects the increasing importance of cross-border cooperation in energy infrastructure and the growing role of North American resources in the global energy transition.

Cheniere Energy, Inc. is the leading U.S. producer and exporter of liquefied natural gas (LNG), offering a reliable, clean, secure, and cost-effective energy solution to meet rising global demand. As a full-service LNG provider, Cheniere manages the entire value chain—from gas sourcing and transportation to liquefaction, vessel chartering, and delivery. The company operates one of the world’s largest liquefaction platforms, which includes the Sabine Pass and Corpus Christi facilities along the U.S. Gulf Coast, with over 46 million tonnes per annum (mtpa) of operational capacity and more than 8 mtpa of additional capacity currently under construction.