Sabine Pass Lng Sale And Purchase Agreement

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«We are pleased to announce this long-term SPA with Vitol, one of the fastest growing players in the global LNG market,» said Jack Fusco, President and CEO of Cheniere. «This agreement continues Cheniere`s commercial momentum and supports our growth plans while demonstrating the importance that LNG buyers attach to Cheniere`s unique ability to offer flexible solutions tailored to the needs of LNG customers around the world.» HOUSTON, July 30, 2015 /PRNewswire/ — Cheniere Energy, Inc. («Cheniere») (NYSE MKT: LNG) has entered into a liquefied natural gas («LNG») sales agreement with Central El Campesino, through its subsidiary Cheniere Marketing International LLP («Cheniere Marketing»), under which Central El Campesino will purchase approximately under spa LNG on the basis of FOB. under LNG is loaded onto Total`s vessels, at a purchase price indexed to the Henry Hub monthly price plus a fixed component. The SPA has a duration of twenty years, which began with the date of the first commercial delivery for train five, and an option for extension of up to ten years. Deliveries of train 5 are expected to take place as early as 2018. The SPA is subject to certain conditions precedent, including, but not limited to, Sabine Liquefaction, who obtains administrative authorisations, makes a final investment decision and issues an opinion for the fifth train. «We are pleased to announce this long-term SPA with Trafigura, a major player in the global LNG market. We believe this SPA will support our progress towards a final investment decision in 2019. Cheniere Partners owns 100% of the Sabine Pass LNG terminal on the Sabine Pass Channel in west of Cameron Parish, Louisiana. . . .

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