Cheniere Energy, Inc. (Cheniere) recently announced that its subsidiary Cheniere Marketing International LLP (Cheniere Marketing) has entered into a liquefied natural gas (LNG) sale and purchase agreement (SPA) with CPC Corporation, Taiwan (CPC). CPC has agreed to purchase approximately 2 million tonnes per annum of LNG from Cheniere Marketing on a delivered ex-ship basis for a 25 year term. The contract will begin in 2021. The purchase price for LNG is indexed to the monthly Henry Hub price, plus a fee.
âWe are pleased to announce this long-term SPA with CPC, one of the LNG marketâs most experienced and well-respected companies. The SPA follows a Heads of Agreement we signed with CPC in June, which was the result of long-term discussions and development of a commercial relationship with CPC over several years,â? said Jack Fusco, Cheniereâs President and CEO. âThis SPA demonstrates Cheniereâs growing capabilities to deliver tailored solutions to meet the energy needs of customers worldwide, and further reinforces our position as a premier global LNG provider.â?
