Cheniere Energy subsidiary enters LNG SPA with Foran Energy

Cheniere Energy announced that Cheniere’s subsidiary, Cheniere Marketing, has entered into a long-term liquefied natural gas sale and purchase agreement, or SPA, with Foran Energy Group. Under the SPA, Foran has agreed to purchase approximately 0.9M tons per annum of LNG for 20 years from Cheniere Marketing on a free-on-board basis for a purchase price indexed to the Henry Hub price, plus a fixed liquefaction fee. Deliveries will commence upon the start of commercial operations of the second train of the Sabine Pass Liquefaction Expansion Project in Louisiana and are subject to, among other things, a positive Final Investment Decision with respect to Train Eight.