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    Cheniere, Woodside sign 20-year LNG sale and purchase agreement

    Cheniere Energy Inc.

    Cheniere Energy Inc. (NYSE MKT: LNG) reports that its subsidiary, Corpus Christi Liquefaction LLC, has entered into a liquefied natural gas (LNG) sale and purchase agreement (SPA) with Woodside Energy Trading Singapore Pte Ltd under which Woodside has agreed to purchase approximately 0.85 million tonnes per annum (mtpa) of LNG upon the commencement of operations of Train 2 of the LNG export facility being developed near Corpus Christi, Texas.

    The Corpus Christi Liquefaction Project is being designed and permitted for up to three trains, with aggregate design production capacity of 13.5 mtpa of LNG.

    Under the SPA, Woodside will purchase LNG on a free on board (FOB) basis for a purchase price indexed to the monthly Henry Hub price plus a fixed component. LNG will be loaded onto Woodside's vessels. The SPA has a term of 20 years beginning upon the date of first commercial delivery of the second train of the Corpus Christi Liquefaction Project, with an extension option of up to 10 years. Deliveries from Train 2 are expected to occur in 2019.

     

     

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