Cheniere Energy Inc. said Wednesday it has secured another customer to support a major expansion at its Sabine Pass LNG export terminal in Louisiana. 

Cheniere Marketing LLC entered a sales and purchase agreement (SPA) to provide Equinor ASA 1.75 million metric tons/year (mmty) of the super-chilled fuel for a term of 15 years. Equinor would buy the LNG on a free-on-board basis, allowing it to move cargoes anywhere in the world to meet demand. Prices under the contract would be indexed to Henry Hub and include a fixed fee for liquefaction like most of Cheniere’s SPAs.

Delivery of half the volume associated with the agreement would begin in 2027, while the remaining half is contingent upon Cheniere moving ahead with the first of a three-train expansion project to add 20 mmty of...