- Cheniere Marketing will supply approximately 1 mtpa of LNG to JERA from 2029 to 2050 under a new sale and purchase agreement.
- The LNG will be priced against the Henry Hub benchmark and include a fixed liquefaction fee.
- The deal strengthens Cheniere’s relationship with JERA and supports the Japanese utility’s long-term procurement diversification strategy.
Cheniere Marketing, a subsidiary of U.S.-based Cheniere Energy, has signed a long-term LNG sale and purchase agreement (SPA) with Japan’s JERA. Under the deal, JERA will purchase around 1 million tonnes per annum of LNG on a free-on-board basis from 2029 through 2050. Pricing will be linked to the Henry Hub natural gas benchmark and will include a fixed liquefaction fee, according to Offshore Energy.
Cheniere President and CEO Jack Fusco said the agreement builds on years of collaboration with JERA and ensures the delivery of flexible, reliable, and cleaner-burning LNG for decades to come.
Strategic Context
The SPA follows a heads of agreement signed between the two companies in June and forms part of JERA’s broader push to secure diverse LNG supply sources. In recent months, JERA has also signed deals with U.S. LNG suppliers such as Sempra, as well as international players including Woodside Energy and ADNOC.
Yukio Kani, JERA’s Global CEO and Chair, said the agreement with Cheniere supports the company’s strategy to strengthen its LNG procurement portfolio and reinforces its role as a long-term energy partner in the U.S.
Cheniere’s Expansion Plans
For Cheniere, the deal comes shortly after a final investment decision in June to proceed with the Corpus Christi Midscale Trains 8 & 9 and debottlenecking project. These additions will expand capacity alongside the existing Corpus Christi Stage 3 development on the La Quinta Ship Channel in South Texas.
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Source: Offshore Energy
