Cheniere and Trafigura Sign 15-Year LNG Sale and Purchase Agreement

Source: cheniere.com

Cheniere Energy, Inc. ("Cheniere") (NYSE American: LNG) announced today that its subsidiary  Cheniere Marketing, LLC  ("Cheniere Marketing") has entered into a liquefied natural gas ("LNG") sale and purchase agreement ("SPA") with  Trafigura Pte Ltd  ("Trafigura"), under which Trafigura has agreed to purchase approximately 1 million tonnes per annum 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."

Cheniere Energy, Inc., a  Houston-based energy company primarily engaged in LNG-related businesses, owns and operates the Sabine Pass LNG terminal in  Louisiana. Directly and through its subsidiary,  Cheniere Energy Partners, L.P., Cheniere is developing, constructing, and operating liquefaction projects near  Corpus Christi, Texas  and at the Sabine Pass LNG terminal, respectively. Cheniere is also exploring a limited number of opportunities directly related to its existing LNG business.

Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. Trafigura sources, stores, transports and delivers a range of raw materials (including oil and refined products and metals and minerals) to clients around the world. The trading business is supported by industrial and financial assets, including 49.6 percent owned global oil products storage and distribution company Puma Energy; global terminals, warehousing and logistics operator Impala Terminals; Trafigura's  Mining Group; and Galena Asset Management. Trafigura is owned by around 600 of its 3,935 employees who work in 62 offices in 35 countries around the world. Trafigura has achieved substantial growth over recent years, growing revenue from  USD12 billion  in 2003 to  USD136.4 billion  in 2017. The Group has been connecting its customers to the global economy for more than two decades, growing prosperity by advancing trade.  







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