QatarEnergy signed two long-term Sale and Purchase Agreements (SPAs) with Cheniere for the purchase of up to 4 million tonnes per annum (MTPA) of LNG from Cheniere’s Sabine Pass and Corpus Christi facilities in the States of Louisiana and Texas respectively, located along the United States Gulf Coast.
Under the terms of the SPAs, deliveries will be on an FOB
basis and are anticipated to commence in 2031 and continue through 2054.
The SPAs were signed by Saad Al-Kaabi, the Minister of State
for Energy Affairs, the President and CEO of QatarEnergy, and Jack Fusco,
Chairman, President and CEO of Cheniere Energy.
Minister Al-Kaabi said, “The signing of these two SPAs marks
an important milestone in our LNG strategy. This major long-term purchase will
expand and diversify our global LNG portfolio and advance our ability to meet
the evolving requirements of the market. The additional volumes will complement
QatarEnergy’s existing LNG supplies, enhance our supply and trading portfolio,
and strengthen our ability to serve customers across the globe.”
The two SPAs reflect QatarEnergy’s continued confidence in
the long-term role of LNG in the global energy mix and its efforts to further
develop a flexible, diversified, and globally competitive LNG portfolio. -OGN/TradeArabia News Service
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