Cheniere Signs 22-Year LNG Supply Deal With Petrobras
29 Articles
29 Articles
According to the State management, long-term contracts help the company to protect itself from price variations in the short-term market.
Cheniere Energy announced on Tuesday the signing of a contract lasting 22 years of purchase and sale of liquefied natural gas (LNG) with Petrobras, reinforcing the gas supply for the Brazilian market in the coming decades. The state undertook to acquire about 800,000 tons of LNG per year from the American company in a model in which Petrobras assumes shipping and costs from the port of embarkation. Cheniere's administration highlighted that the …
It is the second long-term contract for the purchase of fossil gas closed by the Brazilian oil company with U.S. companies in about a month.
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