Cheniere Energy announces long-term LNG SPA with Foran Energy Group

Cheniere Energy has announced a long-term LNG Sale and Purchase Agreement (SPA) with Foran Energy Group.

The SPA is for ~0.3 MTPA of LNG for a term of 20 years beginning in January 2023.

“We are pleased to finalise this 20-year SPA with Foran that builds upon our relationship. This long-term LNG solution supports Foran’s goals and provides additional supply as China continues to seek cleaner, lower-carbon natural gas to meet its economic and environmental goals,” said Jack Fusco, Cheniere’s president and chief executive officer.

He added: “This SPA once again demonstrates the strength of the global LNG market today, particularly in China, and underscores the value of Cheniere’s leading ability to tailor solutions to help our customers advance their long-term energy and environmental priorities.”

For more information visit www.cheniere.com