Cheniere, Equinor Sign 15-year LNG Purchase Agreement

Cheniere Energy Inc., via its subsidiary Cheniere Marketing LLC, and Equinor signed a long-term sales and purchase agreement (SPA) that will see the Norwegian oil giant commence to receive LNG imports in less than four years.

Under the agreement, Equinor will acquire 1.75 million tons per annum of LNG on a free-on-board basis. The deal is for approximately 15 years, and volumes are slated to commence sailing in the second half of 2026 with full volumes expected in the second half of 2027, Cheniere announced June 9 in a press release.