Cheniere Energy enters long-term LNG sale and purchase agreement with Equinor

Cheniere Energy (LNG) announced that Cheniere’s subsidiary, Cheniere Marketing has entered into a long-term liquefied natural gas, or LNG, sale and purchase agreement with Equinor (EQNR). Under the SPA, Equinor has agreed to purchase approximately 1.75M tons per annum of LNG from Cheniere Marketing on a free-on-board basis for a purchase price indexed to the Henry Hub price, plus a fixed liquefaction fee. Delivery of half of the volume associated with the SPA will commence in 2027, and delivery of the remaining half, which is subject to, among other things, a positive Final Investment Decision with respect to the first train of the Sabine Pass Liquefaction Expansion Project, will commence at the end of this decade. The term of the SPA is 15 years from the commencement of delivery of the full 1.75 mtpa of LNG volumes.