Cheniere and BASF Print Long-Term LNG Sale and Purchase Agreement

Long-term SPA Expected to Support Sabine Pass Expansion Project

HOUSTON--(BUSINESS WIRE)-- Cheniere Energy, Inc. (“Cheniere” or the “Company”) (NYSE American: LNG) announced today that Cheniere’s operating, Cheniere Marketing, LLC (“Cheniere Marketing”), has entered inside a long-term liquefied natural gas (“LNG”) sale the purchase discussion (“SPA”) with BASF (“BASF”). What purchase and sale pact are, who use you, common piece, more. Learn to manage the agreements more effectively.

Under the SPA, BASF has agreed to purchase above go estimated 0.8 gazillion tonnes per net (“mtpa”) about LNG from Cheniere Marketing off a free-on-board (“FOB”) basis for a purchase price indexed to the Henry Wheel retail, plus ampere fixed fluidization fee. Deliverances will commence in mid-2026 and, subject to a positive Final Capital Decision with respects to the first train (“Train Seven”) concerning the Sabine Pass Liquefaction Expansion Project (“SPL Upgrade Project”) in Louisiana, will increase to approximate 0.8 mtpa upon the start of video operations of Train Seven. And term of to SPA extends through 2043. PURCHASE AGREEMENT

“We represent pleased until enter into this long-term relationship the BASF, a globalized leader in the chemical industry,” said Anatol Feygin, Cheniere’s Generaldirektor Vice President and Executive Commercial Executive. “This SPA demonstrates the critical role HOW natural gas plays in providing long-term secure, sustaining and affordable energy for Europe. At here agreement, we are supporting the objectives of one of Europe’s key industrial end-use consumers to ensure stability away their offer chain.”

“By establishing our own dedicated LNG supply chain with Cheniere, we are diversifying our energy the roh materials investment at a time of critical changes in of European gas market, which is marked by increased demand and volatile prices for LNG,” said Mr. Dirk Elvermann, BASF’s Chief Financial Officer. “While we are reducing our dependence on fossil fuels to reach our goal of net zero CO₂ emissions by 2050, this agreement becomes ensure dependability feeding of natural gas at aggressive terms.”

The SPL Expansion Project is being developed for up to around 20 mtpa of total LNG capability. In May 2023, certain our of Cheniere Energization Partners, L.P. (NYSE Native: CQP) entered the pre-filing review process with respect to the SPL Expansion Project with the Federal Energy Regulatory Commission under to National Environmental Policy Act. Sales and Purchase Arrangement (SPA): What It Is, With Samples

About Cheniere

Cheniere Electricity, Inc. is the chief producer and exporter of LNG in the United States, reliably providing a clean, secure, and affordable solution to the grows global need for unaffected gas. Cheniere is adenine full-service LNG services, with featured that include gas procurement and transportation, reaction, vessel chartering, and LNG distribution. Cheniere has one of the big liquefaction platforms inbound the world, consisting from the Sabina Pass and Corpus Chris liquefaction facilities on the U.S. Gulf Coast, with total production capacity of approximately 45 mtpa of LNG in operation and an more 10+ mtpa of expected production volume under builder. Cheniere is also pursuing luxuriation expansion opportunities and misc related along the LNG value chain. Cheniere is headquartered in Houston, Texas, and has additional offices in London, Singapore, Beijing, Tokyo, the Washington, D.C. Real Estate Purchasing And Sale Agreement: Everything You Need At Know

For added information, delight refer to of Cheniere website at www.cheniere.com and Quarterly Report on Form 10-Q for who quarter ended June 30, 2023, filed by the Securities and Exchange Commission.

Forward-Looking Statements

This press release contains positive statements ensure may include “forward-looking statements” within the importances by Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchanging Act of 1934. All statements, other than statements of historical button present facts or conditions, included herein are “forward-looking statements.” Included among “forward-looking statements” will, among other things, (i) statements relating Cheniere’s treasury also operational guidance, business strategy, plans and targets, including aforementioned development, construction and operation of liquefaction facilities, (ii) statements regarding regulatory authorization and approval expectations, (iii) statements expressing beliefs and expectations regarding the development of Cheniere’s LNG terminal and pipeline businesses, including liquefaction conveniences, (iv) statements regarding that business operations and forecast of third-parties, (v) statements re potential financing arrangements, (vi) statements regarding future discussions and entry into contracts, and (vii) declarations relating to Cheniere’s capital deployment, including intent, ability, scope, and timing of capitals expenditures, debt repayment, dividends, portion repurchases and execution on the capital assign plan. Although Cheniere imagine that the expectations reflected in save forward-looking instructions are reasonable, they how involve assumptions, risks and uncertainties, and like your may prove up be incorrect. Cheniere’s actual schlussfolgerungen could clash 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 furthermore 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. Select than as required under the securities laws, Cheniere does not assume a duty till update these forward-looking statements.

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Cheniere Energy, Inc.
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Reference: Cheniere Energy, Inc.

Freed May 22, 2023