US-based Cheniere Marketing is reported to have announced on 29 September 2026 a 22-year LNG Sale and Purchase Agreement (SPA) with Brazil’s Petrobras for about 0.8 million tonnes per annum (mtpa). Delivery is reportedly on a Free on Board (FOB) basis. The deal is described as a long-term offtake of Gulf Coast LNG by a major South American state energy company.
The parties are reportedly Cheniere Marketing, LLC as seller and Petrobras as buyer. Supply is said to come from Cheniere’s Sabine Pass and Corpus Christi liquefaction facilities. The term is 22 years, with about 0.8 mtpa delivered FOB.
Cheniere Chair, President and CEO Jack Fusco is reported to have said the agreement reinforces Cheniere’s position as a leading global LNG provider and provides fixed fee cash flow visibility to underpin further brownfield liquefaction capacity growth. The Cheniere press release is said not to include a separate Petrobras statement.
The contracted volume is about 0.8 mtpa over 22 years. Cheniere’s operational liquefaction capacity is reported at about 56 mtpa, with a further roughly 5 mtpa under construction. The volume is said to equal about 1.4% of operational capacity. Pricing and the start of deliveries have reportedly not been disclosed.
Offshore Energy and others reportedly note that Cheniere recently reached substantial completion at Corpus Christi Liquefaction (CCL) Train 7, lifting capacity to about 56 mtpa. Petrobras is also reported to have signed an equivalent 20-year, 0.8 mtpa agreement from Sempra Infrastructure’s Port Arthur LNG Phase 2, which is read as an effort to reduce spot market exposure and secure long-term supply stability.
First, long-term SPAs are a core commercial foundation for liquefaction expansion decisions, and a fixed fee structure can improve the stability of project financing. Second, an FOB structure in which the buyer handles shipping may increase the buyer’s need for LNG fleet and logistics capability. Third, long-term purchases of US LNG by a resource-holding country’s company show that demand for diversified LNG sourcing is spreading across regions. Fourth, an accumulation of such contracts can influence engineering, procurement and construction (EPC) orders and equipment demand for capacity expansions.
First, whether pricing terms and the delivery start date are disclosed. Second, whether Cheniere firms up a brownfield expansion decision on the strength of this contract. Third, the completion schedule of the roughly 5 mtpa under construction. Fourth, whether Petrobras adds further long-term supply contracts alongside the Sempra Port Arthur agreement. Fifth, how Brazil’s LNG import and regasification infrastructure responds.