Doha [Qatar], October 23: Qatar Energy signed two long-term Sale and Purchase Agreements (SPAs) with Cheniere for the purchase of up to 4 million tonnes per annum (MTPA) of LNG from Cheniere's Sabine Pass and Corpus Christi facilities in the States of Louisiana and Texas respectively, located along the United States Gulf Coast.
Under the terms of the SPAs, deliveries will be on an FOB basis and are anticipated to commence in 2031 and continue through 2054.
The SPAs were signed by the Minister of State for Energy Affairs and the President and CEO of QatarEnergy HE Saad Sherida Al Kaabi and Cheniere Energy Chairman, President and CEO Jack Fusco.
Commenting on the occasion, Al Kaabi said, "The signing of these two SPAs marks an important milestone in our LNG strategy. This major long-term purchase will expand and diversify our global LNG portfolio and advance our ability to meet the evolving requirements of themarket.
The additional volumes will complement QatarEnergy's existing LNG supplies, enhance our supply and trading portfolio, and strengthen our ability to serve customers across the globe."
The two SPAs reflect QatarEnergy's continued confidence in the long-term role of LNG in the global energy mix and its efforts to further develop a flexible, diversified, and globally competitive LNG portfolio.
Source: Qatar Tribune