Cheniere and Petronas sign LNG sale and purchase agreement
Published by Alex Hithersay,
Editorial Assistant
Hydrocarbon Engineering,
Cheniere Energy Partners L.P. has announced that its subsidiary Sabine Pass Liquefaction LLC has entered into an LNG sale and purchase agreement (SPA) with Petronas LNG Ltd (PLL), a subsidiary of the Malaysian state-owned oil and gas company, Petronas.
PLL has agreed to purchase approximately 1.1 million tpy of LNG from Sabine Pass Liquefaction on a free onboard basis for a term of 20 years following the date of first commercial delivery for the sixth natural gas liquefaction train (Train 6) at the Sabine Pass liquefaction project (SPL Project). The purchase price for LNG is indexed to the monthly Henry Hub price, plus a fee.
The SPA is subject to certain conditions precedent, including but not limited to Sabine Pass Liquefaction making a final investment decision to construct Train 6 of the SPL Project.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/19122018/cheniere-and-petronas-sign-lng-sale-and-purchase-agreement/
You might also like
The Hydrocarbon Engineering Podcast - Travelling towards sustainability: exploring the economics of e-fuels
In this special episode, a panel of experts from Johnson Matthey, A.P. Moller - Maersk, Honeywell, HIF Global and the Methanol Institute provide a clear analysis of the factors influencing e-fuel pricing, the economic challenges, and strategies for cost reduction.
Tune in to the Hydrocarbon Engineering Podcast on your favourite podcast app today.
