Cheniere and Foran Energy Group Sign Long-Term LNG Sale and Purchase Agreement

Cheniere Energy, Inc. (“Cheniere”) (NYSE American: LNG) announced today that its subsidiary, Cheniere Marketing International, LLP (“Cheniere Marketing”), has entered into a binding 20-year liquefied natural gas (“LNG”) sale and purchase agreement (“SPA”) with Foran Energy Group Co., Ltd. (“Foran”). The SPA follows a Heads of Agreement signed between subsidiaries of Cheniere and Foran in November of 2020.

Under the SPA, Foran has agreed to purchase approximately 0.3 million tonnes per annum of LNG from Cheniere Marketing on a delivered ex-ship basis for a term of 20 years beginning in January 2023. The purchase price for LNG under the SPA is indexed to the Henry Hub price, plus a fee.

“We are pleased to finalize this 20-year SPA with Foran that builds upon our relationship. This long-term LNG solution supports Foran’s goals and provides additional supply as China continues to seek cleaner, lower-carbon natural gas to meet its economic and environmental goals,” said Jack Fusco, Cheniere’s President and Chief Executive Officer. “This SPA once again demonstrates the strength of the global LNG market today, particularly in China, and underscores the value of Cheniere’s leading ability to tailor solutions to help our customers advance their long-term energy and environmental priorities.”

About Cheniere

Cheniere Energy, Inc. is the leading producer and exporter of liquefied natural gas (LNG) in the United States, reliably providing a clean, secure, and affordable solution to the growing global need for natural gas. Cheniere is a full-service LNG provider, with capabilities that include gas procurement and transportation, liquefaction, vessel chartering, and LNG delivery. Cheniere has one of the largest liquefaction platforms in the world, consisting of the Sabine Pass and Corpus Christi liquefaction facilities on the U.S. Gulf Coast, with expected total production capacity of approximately 45 million tonnes per annum of LNG operating or under construction. Cheniere is also pursuing liquefaction expansion opportunities and other projects along the LNG value chain. Cheniere is headquartered in Houston, Texas, and has additional offices in London, Singapore, Beijing, Tokyo, and Washington, D.C.