Cheniere forays into LNG sale and purchase agreement with Trafigura

Cheniere Energy’s subsidiary Cheniere Marketing, LLC has embarked on initiating an agreement for 15 year long LNG Sale and Purchase approximately 1 million tonnes per annum of LNG from Cheniere Marketing on a free on board basis. The purchase price for LNG is pegged at the monthly Henry Hub price, plus a fee. The term commences from 2019.

Jack Fusco, President and CEO said “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.”

Image Source: Cheniere Energy