Cheniere Inks 22-Year LNG Deal with Petrobras

Cheniere Energy, Inc., a leading global liquefied natural gas (LNG) provider, has signed a long-term agreement with Petrobras, one of the largest energy companies in the world. Under the sale and purchase agreement (SPA), Petrobras will purchase approximately 0.8 million tons per year (MMtpy) of LNG from Cheniere's subsidiary, Cheniere Marketing, LLC, on a free-on-board (FOB) basis for 22 years.

The agreement is significant as it reinforces Cheniere's position in the global LNG market and provides commercial support and fixed fee cash flow visibility to underpin further brownfield liquefaction capacity growth. According to Jack Fusco, Cheniere's Chairman, President and Chief Executive Officer, 'We are pleased to enter into this multi-decade agreement with Petrobras.'

The long-term contract will provide a stable source of revenue for Cheniere and support the company's continued growth in the LNG market.