Cheniere in LNG Marketing Deal with JPMorgan Chase

Cheniere in LNG Marketing Deal with JPMorgan Chase

Cheniere Energy Inc., a developer of liquid natural gas-receiving terminals, entered into a domestic marketing agreement for the sale of liquefied natural gas with a subsidiary of JPMorgan Chase & Co.

Financial terms were not disclosed.

The deal provides a framework under which the company’s marketing subsidiary, Cheniere Marketing Inc., sells to JPMorgan liquefied natural gas it acquires on delivery to the Sabine Pass Terminal in southwest Louisiana.

In addition, JPMorgan will acquire part of Cheniere Marketing’s capacity for storage and regasification services for the liquefied natural gas that JPMorgan purchases.

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