Cheniere Energy, Inc.’s subsidiary, Cheniere Marketing, LLC (Cheniere Marketing), 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.hydrocarbonengineering.com/gas-processing/17012018/cheniere-and-trafigura-sign-lng-agreement/