The agreement covers about 0.8 million tonnes per annum on a free-on-board basis.
Petrobras has signed a long-term liquefied natural gas sale and purchase agreement with Cheniere Marketing, a subsidiary of Cheniere Energy.
Under the terms of the deal, Petrobras will buy approximately 0.8 million tonnes per annum of liquefied natural gas for 22 years on a free-on-board basis.
We are pleased to enter into this multi-decade agreement with Petrobras, one of the largest energy companies in the world. This agreement once again reinforces Cheniere's position as a leading global LNG provider, while providing additional commercial support and fixed fee cash flow visibility to underpin further brownfield liquefaction capacity growth.
Cheniere operates Sabine Pass and Corpus Christi on the United States Gulf Coast. These facilities provide an operational liquefaction capacity of roughly 56 million tonnes per annum, alongside about 5 million tonnes per annum under construction.
Newsletter
Markets in your inbox, weekly
Latin America-focused analysis, investment themes and the week in finance.