The contract runs for 20 years with an option of an additional 10 years.This agreement follows a simlar agreement with BG (LINK) inked in October.
I mention the Cheniere because it has all the ingredients that the various Alaskan gas projects are missing. 1) Cheap gas at tidewater, 2) some pre-built facilities, and now 3) Customers.
What's next? - I assume the Cheniere business model is a good one and similar import terminals with the right ingredients will follow suit. See page 38 of the Cheniere presentation (LINK) for plant volumes. Lake Charles and Golden Pass have high volumes and plenty to gain by adding export capabilities.
As Gulf of Mexico LNG exporters come on line the price of gas will climb - maybe into that $6.00/MMBTU sweet spot that will promote development of Alaska's stranded gas resources.