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Sunday, February 25, 2018

Cheniere Signs 15-year LNG Supply Pact with Trafigura

Maritime Activity Reports, Inc.

January 16, 2018

© Wojciech Wrzesień / Adobe Stock

© Wojciech Wrzesień / Adobe Stock

U.S. natural gas producer Cheniere Energy Inc said on Tuesday Singapore-based commodity trader Trafigura Pte Ltd would buy about 1 million tonnes of natural gas per year from its unit for 15 years, starting 2019.

The agreement with Cheniere Marketing, LLC would help the Houston-based company to fund its expansion plans, Chief Executive Jack Fusco said.

The company has been expanding its presence in Asia to benefit from the rising demand for liquefied natural gas from the region.

According to the sale-purchase agreement, the purchase price for LNG is indexed to the monthly Henry Hub benchmark price, including a fee.
 
Reporting by Karan Nagarkatti in Bengaluru
 
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