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25.10.2021 (404 Clicks)

Glencore and Cheniere Sign Long-Term LNG Sale and Purchase Agreement


Glencore announce that one of its subsidiaries and Cheniere Marketing, LLC (“Cheniere Marketing”) have entered a binding liquefied natural gas (“LNG”) sale and purchase agreement (“SPA”).

The SPA establishes the key commercial terms for the long–term purchase of approximately 0.8 million tonnes per annum of LNG on a free-on-board basis for a term of approximately 13 years beginning in April 2023. The purchase price for LNG under the SPA is indexed to the Henry Hub price, plus a fixed liquefaction fee.

Alex Sanna, Head of Oil Marketing, Glencore, commented: “We are pleased to partner with Cheniere, one of the World’s leading LNG providers. LNG represents one of our division’s key strategic pillars and this long-term agreement is a testament of our intention to continue to grow the business.” 

About Glencore

Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 60 responsibly-sourced commodities that advance everyday life. The Group's operations comprise around 150 mining and metallurgical sites and oil production assets.

With a strong footprint in over 35 countries in both established and emerging regions for natural resources, Glencore's industrial activities are supported by a global network of more than 30 marketing offices. Glencore's customers are industrial consumers, such as those in the automotive, steel, power generation, battery manufacturing and oil sectors. We also provide financing, logistics and other services to producers and consumers of commodities. Glencore's companies employ around 135,000 people, including contractors.

Glencore is proud to be a member of the Voluntary Principles on Security and Human Rights and the International Council on Mining and Metals. We are an active participant in the Extractive Industries Transparency Initiative. Our ambition is to be a net zero total emissions company by 2050.

Source: Glencore



Glencore, Cheniere, Sign, Long-Term, LNG, Sale, Purchase, Agreement, Mining, Oil, Gas, LNG, Energy, Resources

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25.10.2021 (334 Clicks)

Metso Outotec expands Lokotrack mobile Series for Processing Aggregates

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25.10.2021 (359 Clicks)

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22.10.2021 (363 Clicks)

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22.10.2021 (386 Clicks)

Autonomous Hauling System for increased Productivity in Boliden Aitik in Sweden

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21.10.2021 (417 Clicks)

The Industry is looking forward to bauma 2022

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21.10.2021 (408 Clicks)

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20.10.2021 (486 Clicks)

Voith Turbo: New App for Hydrodynamic Coupling

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19.10.2021 (395 Clicks)

Filo Mining announces the Appointment of Phil Brumit to its Board of Directors

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18.10.2021 (400 Clicks)

Metso Outotec to deliver Grinding Mills and Thickeners to a Nickel Plant in Indonesia

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