Cheniere Energy Partners inks deal to sell 30 LNG cargoes

A unit of Cheniere Energy Partners recently signed a deal to sell up to 30 cargoes of LNG to a subsidiary of parent company Cheniere Energy.

Under the deal signed on December 9, Sabine Pass Liquefaction will deliver the cargoes to Cheniere’s unit Cheniere Marketing International in 2021.

The price of the cargoes includes a rate equal to 115% of Henry Hub natural gas futures plus a premium of $0.728 per one million British thermal units, according to a stock exchange filing.

To remind, Houston-based Cheniere formed Cheniere Energy Partners to develop the $25 billion Sabine Pass terminal, currently the largest US LNG export facility.

Furthermore, Blackstone Group recently completed the sale of its 42% stake in Cheniere’s limited partnership to Brookfield Infrastructure and its own affiliated company.

Cheniere’s partnership now operates five trains at the 30 mtpa facility in Louisiana but it is also building a sixth.

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