LNG

Dec 18 (LNGJ) - Cheniere Energy has signed an LNG sale and purchase agreement with Malaysian energy company Petronas for around 1.1 million tonnes per annum of LNG from the Sabine Pass export plant in Louisiana and its planned sixth liquefaction Train. The cargoes will be delivered on a free-on-board basis for a term of 20 years and whereby Petronas supplies the shipping. The purchase price will be indexed to the Henry Hub benchmark, plus a fee. “Petronas is one of the largest and most experienced participants in the global LNG market and we are pleased to have it as our newest foundation customer at Sabine Pass, supporting Train 6,” said Jack Fusco, Chairman, President and Chief Executive of Cheniere.