Petronas signs 20-year LNG SPA with Cheniere
December 18, 2018
Cheniere announced that its subsidiary Sabine Pass Liquefaction has entered into an LNG SPA with Petronas LNG, a subsidiary of Petronas. Petronas has agreed to purchase approximately 1.1 MTPA of LNG from Sabine Pass Liquefaction on an FOB basis for a term of 20 years following the date of first commercial delivery for train 6 at the Sabine Pass liquefaction project. The purchase price for LNG is indexed to the monthly Henry Hub price, plus a fee.
The SPA is subject to certain conditions precedent, including but not limited to Sabine Pass Liquefaction making a final investment decision to construct train 6 of the SPL Project.
Edited from Cheniere press release.