Cheniere Energy Seals 22-Year LNG Deal with Petrobras

Cheniere Energy's subsidiary, Cheniere Marketing, has signed a long-term liquefied natural gas (LNG) deal with Brazil's state-owned Petrobras.

The agreement commits Petrobras to purchasing approximately 0.8 million tonnes per annum of LNG from Cheniere Marketing on a free-on-board (FOB) basis for 22 years.

Jack Fusco, Cheniere's Chairman, President and Chief Executive Officer, said: 'This agreement once again reinforces Cheniere's position as a leading global LNG provider, while providing additional commercial support and fixed fee cash flow visibility to underpin further brownfield liquefaction capacity growth.'