CHENIERE AND BASF SIGN LONG-TERM LNG AGREEMENT
Cheniere Energy announced that Cheniere’s subsidiary, Cheniere Marketing has entered into a long-term LNG sale and purchase agreement (SPA) with BASF, the European multinational company and the largest chemical producer in the world.
Under the SPA, BASF has agreed to purchase up to approximately 0.8 million tonnes per annum (mtpa) of LNG from Cheniere Marketing on a free-on-board (FOB) basis for a purchase price indexed to the Henry Hub price, plus a fixed liquefaction fee. Deliveries will commence in mid-2026 and, subject to a positive Final Investment Decision with respect to the first train (“Train Seven”) of the Sabine Pass Liquefaction Expansion Project (SPL Expansion Project) in Louisiana, will increase to approximately 0.8 mtpa upon the start of commercial operations of Train Seven. The term of the SPA extends through 2043.