HOUSTON, — Cheniere Energy, Inc. has officially announced that its subsidiary Cheniere Marketing, LLC (“Cheniere Marketing”) has entered into a liquefied natural gas (“LNG”) sale and purchase agreement (“SPA”) with Trafigura Pte Ltd (“Trafigura”), under which Trafigura has agreed to purchase approximately 1 million tonnes per annum of LNG from Cheniere Marketing on a free on board basis for a term of 15 years beginning in 2019. The purchase price for LNG is indexed to the monthly Henry Hub price, plus a fee.
“We are pleased to announce this long-term SPA with Trafigura, an important player in the global LNG market. We expect this SPA to help support Cheniere’s expansion plans, and we look forward to a successful long-term relationship with Trafigura as a customer,” said Jack Fusco, President and CEO. “With a flexible solution tailored to the needs of our customer, this agreement demonstrates Cheniere’s capabilities as a leading global LNG supplier.”
