Cheniere, Trafigura ink LNG supply deal

Cheniere, Trafigura ink LNG supply deal
Image courtesy of Cheniere

Cheniere Energy signed a liquefied natural gas (LNG) sale and purchase agreement (SPA) with Trafigura, one of the world’s largest commodities trading firms.

Under the agreement, Trafigura has agreed to purchase approximately 1 million tonnes per annum of LNG from Cheniere on a free on board (FOB) 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, Cheniere said in a statement.

Speaking of the deal, Cheniere’s CEO and president, Jack Fusco, said the company expects it will support Cheniere’s expansion plans.

Cheniere is developing, constructing, and operating liquefaction projects near Corpus Christi, Texas and at the Sabine Pass LNG terminal, respectively.

There are four 0.6-Bcfd liquefaction trains operating at Sabine Pass, currently the only such facility to ship US shale gas overseas, and a fifth is under construction and expected to enter service in mid-2019.

Share this article

Follow LNG World News

Events>

<< Oct 2018 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

LNG Supply, Transport & Storage South Asia Forum 2018

LNG Supply, Transport & Storage South Asia Forum 2018 will address and propagate LNG imports…

read more >

Offshore Energy Exhibition & Conference 2018

Offshore Energy Exhibition & Conference (OEEC) is Europe’s leading offshore energy event.

read more >

LNG Philippines Forum 2018

LNG’s role in the Philippines’ energy mix will only get bigger…

read more >

5th Mozambique Gas Summit & Exhibition

Following the Summit’s success in 2017, the CWC Group in partnership with ENH and with the support and participation from MIREME and INP, are delighted to invite you to the 5th edition of the Mozambique Gas Summit & Exhibition taking place at a larger venue this year, the NEW Joaquim Chissano Conference Centre in Maputo on 31 October – 2 November 2018.

Recognised as the leading strategic meeting for Mozambique’s gas industry, the event addresses the entire gas and LNG value chain bringing together Government officials with industry stakeholders for 3 highly interactive days of networking and frank discussions aiming to establish Mozambique as the next international gas hub.

More info

read more >