LNG

Cheniere Energy’s subsidiary Cheniere Marketing, has signed a long-term LNG sale and purchase agreement (SPA) with Galp Trading, a subsidiary of Portuguese energy company, Galp Energia.

Under the SPA, Galp will purchase around 0.5 mill tonnes per annum of LNG for 20 years from Cheniere Marketing on a free-on-board basis (FOB) for at a cost indexed to the Henry Hub price, plus a fixed liquefaction fee. 

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