Cheniere and Vitol Sign 15-Year LNG Sale and Purchase Agreement
Posted on Sep 17, 2018 in LNG Exports, Markets and Competition | Comments Off on Cheniere and Vitol Sign 15-Year LNG Sale and Purchase Agreement
Cheniere Energy, Inc. announced today that its subsidiary Cheniere Marketing, LLC (Cheniere Marketing) has entered into an LNG sale and purchase agreement (SPA) with Vitol Inc. (Vitol). Under the SPA, Vitol has agreed to purchase approximately 0.7 million tonnes per annum of LNG from Cheniere Marketing on a free on board basis for a term of approximately 15 years beginning in 2018. The purchase price for LNG is indexed to the monthly Henry Hub price, plus a fee.