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China’s Foran Energy Agree 20 Year LNG SPA with Cheniere

LNG

China’s Foran Energy Group is set to sign a 20-year SPA to buy 0.86m metric tons per annum of LNG from US supplier Cheniere according to Bloomberg.

  • The deal has not yet been signed but is expected to be with Cheniere’s subsidiary Cheniere Marketing on a FOB basis starting in 2028 and linked to the Henry Hub index.
  • Foran Energy has an existing 20-year agreement with Cheniere for the purchase of 0.3m metric tons/year which started on January 2023 on a DES basis, indexed to the Henry Hub price, plus a fee.

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