BG, Cheniere Amend SPA for LNG Exports at Sabine Pass Facility
Posted on Jan 26, 2012 in LNG Exports, Markets and Competition | Comments Off on BG, Cheniere Amend SPA for LNG Exports at Sabine Pass Facility
BG Gulf Coast LNG, LLC and Cheniere Energy Partners, L.P. announced this morning that the two companies have amended their Sale and Purchase Agreement (SPA) for LNG exported via the Sabine Pass LNG facility. Under the terms of the amended agreement, BG has agreed to purchase an additional two million tons per annum (mtpa) of LNG, bringing the total amount to 5.5 mtpa. According to a press release, BG now has secured a portion of the output from the Sabine Pass facility’s liquefaction trains two, three, and four as they commence operations.