Cheniere and Glencore Sign Long-Term LNG Sale and Purchase Agreement
10/26/2021
Cheniere Energy - Press release Cheniere Energy, Inc. announced today that its subsidiary, Cheniere Marketing, LLC, has entered into a binding liquefied natural gas sale and purchase agreement with a subsidiary of Glencore plc. Under the SPA, Glencore has agreed to purchase approximately 0.8 million tonnes per annum of LNG from Cheniere Marketing on a free-on-board basis for a term of approximately 13 years beginning in April 2023. The purchase price for LNG under the SPA is indexed to the Henry Hub price, plus a fixed liquefaction fee. “We are pleased to announce this long-term SPA with Glencore, one of the world’s largest producers and marketers of commodities and a significant player i