Cheniere and Chevron signed two SPAs
June 22, 2022
Cheniere announced the signing of two LNG SPAs with Chevron, to supply a combined 2 MTPA of LNG to Chevron from Cheniere’s subsidiaries, Sabine Pass Liquefaction and Cheniere Marketing, on an FOB basis at a price indexed to the Henry Hub price, plus a fixed liquefaction fee.
Under the first agreement, Chevron will purchase approximately 1 MTPA of LNG from Sabine Pass Liquefaction. Deliveries will start in 2026 will reach the full volume during 2027 and will continue until mid-2042. Under the second agreement, Chevron will purchase approximately 1 MTPA of LNG from Cheniere Marketing starting in 2027 for a period of approximately 15 years. The second SPA is subject to an FID on additional liquefaction capacity at the Corpus Christi LNG terminal beyond the Corpus Christi Stage III project.
Edited from Cheniere Press Release