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Cheniere’s LNG SPA with Sinochem

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Cheniere Energy Inc has announced a long-term LNG Sale and Purchase Agreement (SPA) with Sinochem Group, which will begin in July 2022 for a term of ~17.5 years for an initial volume of ~0.9 million tonnes per annum (mtpa) and increases to 1.8 mtpa.

“We are pleased to announce this long-term LNG contract with Sinochem Group, one of China’s leading state-owned energy companies, and to further Cheniere’s role in providing clean, affordable and reliable energy to the Chinese market for many years to come,” said Jack Fusco, Cheniere’s president and chief executive officer.

He added: “This SPA once again demonstrates Cheniere’s ability to tailor solutions in order to meet the needs of LNG consumers worldwide, which is enabled by the scale of our platform and the reliability of our operations.

“In addition, the SPA further reinforces our commercial momentum, and once again confirms the strength of the global LNG market and the global call for investment in additional LNG capacity, including our Corpus Christi Stage 3 project.”

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