Cheniere and Petrobras agree 22‑year LNG SPA for 0.8 mtpa
Key highlights
- Petrobras will purchase approximately 0.8 mtpa of LNG on a free‑on‑board (FOB) basis.
- The sale and purchase agreement has a 22‑year term.
- Cheniere says the deal provides fixed‑fee cash‑flow visibility to underpin further brownfield liquefaction capacity growth.
- Cheniere states deliveries under the SPA will continue into the second half of this century.
Deal terms
Cheniere Marketing entered a long‑term sale and purchase agreement with Petrobras under which Petrobras will purchase approximately 0.8 million tonnes per annum of LNG on a free‑on‑board basis for 22 years.
Commercial rationale
Cheniere said the agreement provides additional commercial support and fixed‑fee cash‑flow visibility intended to underpin further brownfield liquefaction capacity growth, and that it expects to supply Petrobras into the second half of this century under the contract.
Additional information
The release directs readers to Cheniere’s website and the company’s Form 10‑Q for the quarter ended June 30, 2026 for further details and includes the company’s standard forward‑looking statements caution.
Source: Cheniere