HOUSTON–(BUSINESS WIRE) -Dec 18, 2018-Cheniere Energy Partners, L.P. (« Cheniere Partners ») (NYSE American: CQP) announced today that its subsidiary Sabine Pass Liquefaction,LLC (« Sabine Pass Liquefaction ») has entered into a contract to sell and sell liquefied natural gas (« SPA ») with PETRONAS LNG Ltd (« PLL »), a subsidiary of the Malaysian oil and gas company PETRO. PLL has agreed to acquire approximately 1.1 million tonnes of Sabine Pass Liquefaction LNG on freeboard LNG annually for a period of 20 years from the date of the first commercial delivery for the sixth natural gas train (« train 6 ») in the Sabine Pass liquefaction project (« SPL project »). The purchase price of LNG is indexed to the monthly Henry Hub price plus a tax. Under GNP, customers purchase LNG from Sabine Pass at a price that consists of a fixed fee – which ranges from US$2.25 to US$3 depending on the agreements (see photo above) – plus 115% of Henry Hub by MMBtu LNG. « We are pleased to announce this long-term SPA with Trafigura, a major player in the global LNG market. We expect this SPA to support Cheniere`s expansion plans and 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 our customers` needs, this agreement demonstrates Cheniere`s skills as the world`s leading LNG supplier. » For more information, see Cheniere`s website at www.cheniere.com and the quarterly report on Form 10-Q for the quarter ended June 30, 2018 and which was submitted to the Securities and Exchange Commission. Cheniere Energy, Inc. `s master limited partnership, or MLP, s Sabine Pass lik-rieren project hat already secured four fixed-price, 20-year SPAs (or sales and purchase agreements) with third parties, for one by four, total 16 million metric tons pby by anum, or mtpa, of LNG capacity, starting in 2015 when the first LNG train start.
Houston- (BUSINESS WIRE) -Cheniere Energy, Inc. (« Cheniere ») (NYSE American: LNG) announced today that its subsidiary Cheniere Marketing International LLP (« Cheniere Marketing ») has entered into a sale and contract for the sale of liquefied natural gas (« LNG ») with CPC Corporation, Taiwan (« CPC »). CPC has agreed to acquire approximately 2 million tonnes of Cheniere Marketing LNG each year at the base of the vessel for a lifespan of 25 years. The contract starts in 2021. The purchase price of LNG is indexed to the monthly Henry Hub price plus a tax. « PETRONAS is one of the largest and most experienced participants in the global LNG market, and we are pleased to have it as the new founding client of Sabine Pass, which supports Train 6, » said Jack Fusco, President, President and CEO of Cheniere Partners. « This 20-year contract with Sabine Pass Liquefaction continues our momentum on train 6, where site planning, procurement and preparation were recently launched before a final investment decision.