HOUSTON, Oct. 28, 2015 /PRNewswire/ -- Cheniere
Energy, Inc. ("Cheniere") (NYSE MKT: LNG) announced today that its
wholly owned subsidiary, Cheniere Marketing International LLP
("Cheniere Marketing") has entered into a 5-year Sale and Purchase
Agreement ("SPA") with ENGIE S.A. for the delivery of liquefied
natural gas ("LNG") cargoes on an ex-ship basis ("DES") primarily
to the Montoir de Bretagne LNG regasification terminal in
France. The SPA covers the
delivery of up to 12 cargoes per year, or up to approximately 222
million MMBtus in total, from 2018 to 2023. Cheniere Marketing will
sell the volumes at contract prices linked to Northern European
indices.
Volumes will be sourced from Cheniere Marketing's global LNG
supply portfolio, which includes rights under separate SPAs with
Sabine Pass Liquefaction, LLC and Corpus Christi Liquefaction, LLC
to purchase any LNG produced from the Sabine Pass and Corpus Christi liquefaction projects in excess
of that required for other customers. On a combined basis, Cheniere
Marketing's LNG portfolio is expected to have approximately 9
million tonnes per annum ("mtpa") of LNG available from the nine
liquefaction trains being developed at Sabine Pass and Corpus
Christi.
"This SPA with ENGIE furthers our strategy of supplying LNG to
European markets and diversifies our marketing portfolio with sales
tied to Northern European price indices. Deliveries are expected to
be made to the Montoir de Bretagne LNG terminal or to alternative
delivery points as determined by our customer," said Charif Souki, Chairman and CEO of Cheniere.
About Cheniere Energy, Inc.
Cheniere Energy, Inc. is a Houston-based energy company primarily engaged
in LNG-related businesses and owns and operates the Sabine Pass LNG
terminal and Creole Trail Pipeline in Louisiana. Cheniere is pursuing related
business opportunities both upstream and downstream of the Sabine
Pass LNG terminal. Through its subsidiary, Cheniere Energy
Partners, L.P., Cheniere is developing a liquefaction project at
the Sabine Pass LNG terminal adjacent to the existing
regasification facilities for up to six Trains, each of which is
expected to have a nominal production capacity of approximately 4.5
mtpa of LNG. Construction has begun on Trains 1 through 5 of the
Sabine Pass Liquefaction Project. Cheniere is also developing
liquefaction facilities near Corpus
Christi, Texas. The CCL Project is being designed for up to
five Trains, with expected aggregate nominal production capacity of
approximately 22.5 mtpa of LNG, four LNG storage tanks with
capacity of approximately 13.5 Bcfe and two LNG carrier docks.
Construction has begun on the first two Trains of the CCL
Project. Cheniere has agreed in principle to partner
with Parallax Enterprises, LLC for the development of up
to 11 mtpa of LNG production capacity through Parallax's two
mid-scale natural gas liquefaction projects, Live Oak LNG and
Louisiana LNG. For additional information, please refer to the
Cheniere website at www.cheniere.com and Quarterly Report on
Form 10-Q for the quarter ended June 30, 2015, filed with
the Securities and Exchange Commission.
This press release contains certain statements that may include
"forward-looking statements" within the meanings of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. All statements, other than statements of
historical fact, included herein are "forward-looking statements."
Included among "forward-looking statements" are, among other
things, (i) statements regarding Cheniere's business strategy,
plans and objectives, including the development, construction and
operation of the liquefaction facilities, (ii) statements regarding
expectations regarding regulatory authorization and approvals,
(iii) statements expressing beliefs and expectations regarding the
development of Cheniere's LNG terminal and pipeline businesses,
including liquefaction facilities, (iv) statements regarding the
business operations and prospects of third parties, (v) statements
regarding potential financing arrangements, and (vi) statements
regarding future discussions and entry into contracts. Although
Cheniere believes that the expectations reflected in these
forward-looking statements are reasonable, they do involve
assumptions, risks and uncertainties, and these expectations may
prove to be incorrect. Cheniere's actual results could differ
materially from those anticipated in these forward-looking
statements as a result of a variety of factors, including those
discussed in Cheniere's periodic reports that are filed with and
available from the Securities and Exchange Commission. You should
not place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. Other than as
required under the securities laws, Cheniere does not assume a duty
to update these forward-looking statements.
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SOURCE Cheniere Energy, Inc.