Cheniere signs SPA with Galp for Sabine Pass LNG Stage 5 Expansion

August 28, 2024

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Cheniere Marketing signed a 20-year deal with Galp Trading for 0.5 MMtpa of LNG from the Sabine Pass LNG Stage 5 Expansion, starting in the 2030s. The agreement, linked to Henry Hub pricing, depends on Cheniere’s final investment decision for Train 8, marking 20% of firm contracts for the train. This strengthens Galp’s LNG portfolio amid rising demand in Portugal.