The deal ‘continues Cheniere’s commercial momentum and supports our growth plans,’ stated the company’s CEO. Vitol Inc. has signed a liquefied natural gas (LNG) sale and purchase agreement (SPA) with Cheniere Marketing, LLC, parent company Cheniere Energy, Inc. reported Monday. “We are pleased to announce this long-term SPA with Vitol, one of the fastest growing players in the global LNG market,” Jack Fusco, Cheniere’s president and CEO, said in a written statement. “This agreement continues Cheniere’s commercial momentum and supports our growth plans, while demonstrating the value LNG buyers place on Cheniere’s unique ability to offer flexible solutions tailored to the needs of LNG customers worldwide.” Under the SPA, Vitol has agreed to purchase approximately 0.7 million tonnes per annum of LNG from Cheniere Marketing on a free on board basis for an approximately 15-year term starting this year, Cheniere stated. According to the LNG project developer, the LNG […]