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Stock impact report

Cheniere and PETRONAS Sign 20-Year LNG Sale and Purchase Agreement

Cheniere Energy Partners, LP Cheniere Energy Partners, LP Common Units (CQP) 
Company Research Source: Business Wire
HOUSTON--(BUSINESS WIRE)-- Cheniere Energy Partners, L.P. (“Cheniere Partners”) (NYSE American: CQP) announced today that its subsidiary Sabine Pass Liquefaction, LLC (“Sabine Pass Liquefaction”) has entered into a liquefied natural gas (“LNG”) sale and purchase agreement (“SPA”) with PETRONAS LNG Ltd. (“PLL”), a subsidiary of the Malaysian state-owned oil and gas company, PETRONAS. PLL has agreed to purchase approximately 1.1 million tonnes per annum of LNG from Sabine Pass Liquefaction on a free on board basis for a term of 20 years following the date of first commercial delivery for the sixth natural gas liquefaction train (“Train 6”) at the Sabine Pass liquefaction project (“SPL Project”). The purchase price for LNG is indexed to the monthly Henry Hub price, 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 Show less Read more
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