Cheniere Marketing, LLC has signed a binding 13-year liquefied natural gas (LNG) sales and purchase agreement (SPA) with a unit of Glencore plc, parent company Cheniere Energy Inc. reported Monday.

Glencore will purchase approximately 0.8 million metric tons/year (mmty) on a free-on-board basis under the SPA. Cheniere said the 13-year term starts in April 2023. It added the LNG purchase price is indexed to the Henry Hub price, plus a fixed liquefaction fee.

“This agreement once again reinforces Cheniere’s position as a leading global LNG provider, and we look forward to a successful long-term relationship with Glencore,” said Cheniere CEO Jack Fusco.

Earlier this month, Cheniere revealed that it had signed another 13-year SPA with a Chinese utility for 0.9 mmty of...