HOUSTON, Jan. 16, 2018 /PRNewswire/ -- Cheniere
Energy, Inc. ("Cheniere") (NYSE American: LNG) announced today that
its subsidiary Cheniere Marketing, LLC ("Cheniere Marketing") has
entered into a liquefied natural gas ("LNG") sale and purchase
agreement ("SPA") with Trafigura Pte Ltd ("Trafigura"), under which
Trafigura has agreed to purchase approximately 1 million tonnes per
annum of LNG from Cheniere Marketing on a free on board basis for a
term of 15 years beginning in 2019. The purchase price for LNG is
indexed to the monthly Henry Hub price, plus a fee.
"We are pleased to announce this long-term SPA with Trafigura,
an important player in the global LNG market. We expect this SPA to
help support Cheniere's expansion plans, and we look forward to a
successful long-term relationship with Trafigura as a customer,"
said Jack Fusco, President and CEO.
"With a flexible solution tailored to the needs of our customer,
this agreement demonstrates Cheniere's capabilities as a leading
global LNG supplier."
About Cheniere
Cheniere Energy, Inc., a Houston-based energy company primarily engaged
in LNG-related businesses, owns and operates the Sabine Pass LNG
terminal in Louisiana. Directly
and through its subsidiary, Cheniere Energy Partners, L.P.,
Cheniere is developing, constructing, and operating liquefaction
projects near Corpus Christi,
Texas and at the Sabine Pass LNG terminal, respectively.
Cheniere is also exploring a limited number of opportunities
directly related to its existing LNG business.
For additional information, please refer to the Cheniere website
at www.cheniere.com and Quarterly Report on Form 10-Q for the
quarter ended September 30, 2017,
filed with the Securities and Exchange Commission.
About Trafigura
Founded in 1993, Trafigura is one of
the largest physical commodities trading groups in the world.
Trafigura sources, stores, transports and delivers a range of raw
materials (including oil and refined products and metals and
minerals) to clients around the world. The trading business is
supported by industrial and financial assets, including 49.6
percent owned global oil products storage and distribution company
Puma Energy; global terminals, warehousing and logistics operator
Impala Terminals; Trafigura's Mining Group; and Galena Asset
Management. Trafigura is owned by around 600 of its 3,935 employees
who work in 62 offices in 35 countries around the world. Trafigura
has achieved substantial growth over recent years, growing revenue
from USD12 billion in 2003 to
USD136.4 billion in 2017. The Group
has been connecting its customers to the global economy for more
than two decades, growing prosperity by advancing trade. Visit:
www.trafigura.com
Trafigura's Global Press Office: +41 22 592 45 28 or
media@trafigura.com
Forward-Looking Statements
This press release contains
certain statements that may include "forward-looking statements"
within the meanings of Section 27A of the Securities Act of 1933
and Section 21E of the Securities Exchange Act of 1934. All
statements, other than statements of historical or present facts or
conditions, included herein are "forward-looking statements."
Included among "forward-looking statements" are, among other
things, (i) statements regarding Cheniere's business strategy,
plans and objectives, including the development, construction and
operation of liquefaction facilities, (ii) statements regarding
expectations regarding regulatory authorizations and approvals,
(iii) statements expressing beliefs and expectations regarding the
development of Cheniere's LNG terminal and pipeline businesses,
including liquefaction facilities, (iv) statements regarding the
business operations and prospects of third parties, (v) statements
regarding potential financing arrangements and (vi) statements
regarding future discussions and entry into contracts. Although
Cheniere believes that the expectations reflected in these
forward-looking statements are reasonable, they do involve
assumptions, risks and uncertainties, and these expectations may
prove to be incorrect. Cheniere's actual results could differ
materially from those anticipated in these forward-looking
statements as a result of a variety of factors, including those
discussed in Cheniere's periodic reports that are filed with and
available from the Securities and Exchange Commission. You should
not place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. Other than as
required under the securities laws, Cheniere does not assume a duty
to update these forward-looking statements.
CHENIERE
CONTACTS:
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Investors
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Randy
Bhatia:
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713-375-5479
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Megan
Light:
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713-375-5492
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Media
Relations
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Eben
Burnham-Snyder:
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713-375-5764
|
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SOURCE Cheniere Energy, Inc.