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Cheniere and CPC agree LNG deal

Aug 13, 2018
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Cheniere Energy has agreed a 25-Year liquefied natural gas sale and purchase agreement Taiwan’s CPC Corporation.

CPC has agreed to purchase approximately 2 million tonnes per annum of LNG from Cheniere Marketing on a delivered ex-ship basis for a term of 25 years. The contract will begin in 2021. 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 CPC, one of the LNG market’s most experienced and well-respected companies. The SPA follows a Heads of Agreement we signed with CPC in June, which was the result of long-term discussions and development of a commercial relationship with CPC over several years,” said Jack Fusco, Cheniere’s President and CEO.

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