Posted December 19, 2018
Cheniere says Petronas will purchase ~1.1M metric tons/year of LNG on a free on board basis for a 20-year term following the date of first commercial delivery for the sixth natural gas liquefaction train at the Sabine Pass project.
The Sabine Pass Train 6 "is money-good, and the real questions are really at what price/contract structure and when," says Wells Fargo analyst Michael Webber. "With execution of the EPC contract with Bechtel [in November], the one milestone they now need to sort out over the next 3-4 months is financing."
Source: Seeking Alpha