Cheniere Energy, Inc. has announced that its subsidiary Cheniere Marketing, LLC has entered into a LNG sale and purchase agreement (SPA) with Trafigura Pte Ltd, under which Trafigura has agreed to purchase approximately 1 million tpy 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."
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/16012018/cheniere-signs-lng-spa/
Australia’s east coast LNG exporters will ensure supply amid a forecast risk of energy system pressures next year as part of a package of measures – delivering secure, competitively-priced gas to domestic customers.