Cheniere and PetroChina sign LNG sales agreement

Cheniere Energy’s subsidiary, Cheniere Marketing, has entered into a long-term LNG Sales and Purchase Agreement (SPA) with PetroChina.

As per the agreement, PetroChina’s subsidiary, PetroChina International Company Limited (PCI), has agreed to purchase up to approximately 1.8 million tpy of LNG from Cheniere Marketing on an FOB basis.

Deliveries under the SPA will begin in 2026, reach the full 1.8 million tpy in 2028, and continue through 2050. The purchase price for LNG under the SPA is indexed to the Henry Hub price, plus a fixed liquefaction fee. Half of the total volume, or approximately 0.9 million tpy, is subject to Cheniere making a positive Final Investment Decision (FID) to construct additional liquefaction capacity at the Corpus Christi LNG terminal beyond the seven-train Corpus Christi Stage 3 Project.