Houston, November 24, 2021--(BUSINESS WIRE)--(BUSINESS WIRE)--Cheniere Energy, Inc. ("Cheniere") (NYSE: LNG) today announced that its subsidiary Cheniere Marketing International, LLP ("Cheniere Marketing") has entered into a binding 20-year liquefied natural gas ("LNG") sale and purchase agreement ("SPA") with Foran Energy Group Co., Ltd. ("Foran"). The SPA was signed after the head of the agreement signed by Cheniere and Foran's subsidiaries in November 2020.

According to the SPA, Foran has agreed to purchase approximately 300,000 tons of liquefied natural gas from Cheniere Marketing every year from Cheniere Marketing by way of delivery for a 20-year period starting from January 2023. Henry Hub price, plus fees.

"We are very pleased to reach this 20-year SPA with Foran, which is built on our relationship. As China continues to seek cleaner, low-carbon natural gas to meet its economic and environmental needs, this long-term liquefaction The natural gas solution supports Foran's goals and provides additional supply goals," said Jack Fusco, President and CEO of Cheniere. "This SPA once again demonstrates the strength of today's global LNG market, especially in China, and emphasizes the value of Cheniere's customized solutions to help our customers advance their long-term energy and environmental priorities."

Cheniere Energy, Inc. is a leading producer and exporter of liquefied natural gas (LNG) in the United States, reliably providing clean, safe and affordable solutions to the growing global demand for natural gas. Cheniere is a full-service LNG supplier whose capabilities include natural gas procurement and transportation, liquefaction, ship leasing and LNG delivery. Cheniere owns one of the world's largest liquefaction platforms, including Sabine Pass and Corpus Christi liquefaction facilities on the Gulf Coast of the United States. The total production capacity of LNG in operation or under construction is estimated to be approximately 45 million tons per year. Cheniere is also looking for liquefaction expansion opportunities and other projects along the LNG value chain. Cheniere is headquartered in Houston, Texas, and has offices in London, Singapore, Beijing, Tokyo, and Washington, DC

For more information, please refer to the Cheniere website www.cheniere.com and the quarterly report on Form 10-Q for the quarter ended September 30, 2021 filed with the U.S. Securities and Exchange Commission.

Foan Energy Group Co., Ltd., formerly known as Foshan Gas Group Co., Ltd., is one of the fastest-growing city gas companies in China, mainly engaged in natural gas transmission and distribution business in Guangdong. Foran also provides natural gas engineering design and construction, integrated energy supply, natural gas trading, gas storage peak shaving and other services, and actively promotes the research and development of solid oxide and other natural gas and hydrogen energy industry chain cutting-edge technologies and core equipment. Fuel cell (SOFC), furnace thermal equipment manufacturing, energy saving and emission reduction, pipeline testing technology promotion and research and development, hydrogen production and hydrogenation integrated equipment. Foran was founded in 1993 and is headquartered in Foshan, China. Foran mainly sells its products in the Chinese domestic market and has expanded its business scope from a city gas company to an integrated energy service provider.

This press release contains certain statements, which may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, except statements of historical or current facts or the conditions contained herein are "forward-looking statements." "Forward-looking statements" include (i) statements about Chenier’s financial and operational guidance, business strategies, plans and objectives, including the development, construction and operation of liquefaction facilities, (ii) statements about expected regulatory authorization and approval, (iii) Statement expressing beliefs and expectations regarding the development of Cheniere LNG terminal and pipeline business, including liquefaction facilities, (iv) Statement regarding third-party business operations and prospects, (v) Statement regarding potential financing arrangements, (vi ) Statement regarding future discussions and signing of contracts, (vii) Statement related to Cheniere’s capital deployment, including the intention, capacity, scope and timing of capital expenditures, debt repayment, dividends and stock repurchases, and (viii) Statement regarding COVID- 19 The pandemic and its impact on our business d Business results. Although Chenier believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Due to various factors, Cheniere's actual results may differ materially from those anticipated in these forward-looking statements, including those discussed in the periodic reports Cheniere submits to the US Securities and Exchange Commission and is available from the US Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which are only published on the date of this press release. Except as required by securities laws, Cheniere assumes no obligation to update these forward-looking statements.

View the source version on businesswire.com: https://www.businesswire.com/news/home/20211124005623/en/

Cheniere Energy, Inc. Investor Randy Bhatia, 713-375-5479 Frances Smith, 713-375-5753 Media Relations Eben Burnham-Snyder, 713-375-5764

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