Cheniere Grows European Customer Base, Offtake for Sabine Pass LNG with BASF

Cheniere Energy Inc. has inked a sales and purchase agreement (SPA) with chemical giant BASF SE as it continues commercializing the next proposed expansion of the Sabine Pass LNG terminal.

BASF agreed to buy 0.8 million metric tons/year (mmty) for at least 17 years on a free-on-board basis, plus a fixed liquefaction fee. Initial deliveries are to start in mid-2026 and increase to the full contract volume if a final investment decision (FID) is reached on the seventh train at Sabine Pass.

“This SPA demonstrates the critical role U.S. natural gas plays in providing long-term secure, sustainable and affordable energy for Europe,” COO Anatol Feygin said. “With this agreement, we are supporting the objectives of one of Europe’s key industrial end-use consumers to ensure...