Cheniere Energy Partners' subsidiary, Sabine Pass Liquefaction, has entered into an LNG sale and purchase agreement with Total Gas & Power North America, under which Total has agreed to purchase 91,250,000 MBtu of LNG annually over 20 years plus 13,500,000 MBtu of seasonal LNG volumes upon the commencement of train five operations. These volumes represent approximately 2 Mt/year of the approximately 4.5 Mt/year of nominal capacity of train five being developed at Sabine Liquefaction. Deliveries from train five are expected to occur as early as 2018.
Sabine Liquefaction is currently developing five liquefaction trains adjacent to the Sabine Pass LNG terminal. The first two trains are under construction and the third and fourth trains are expected to commence construction in 2013. As previously announced, a partial assignment agreement was entered into between Sabine Liquefaction and Total, allowing Sabine Liquefaction to gain access to services under Total's terminal use agreement with Sabine Pass LNG, including Total's berthing and storage capacity, making further expansion of the LNG export capabilities at the Sabine Pass LNG terminal possible.
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