Cheniere Energy and JERA have finalised a long-term sale and purchase agreement (SPA) to acquire approximately one million tonnes per annum (mtpa) of liquefied natural gas (LNG) from Cheniere Marketing on a free-on-board (FoB) basis from 2029 to 2050.

Cheniere Energy's second-quarter profit nearly doubled year-on-year, driven by positive changes in the valuation of certain assets, steady demand and robust margins, the U.S. liquefied natural gas (LNG) company reported on Thursday.

Cheniere Energy (NYSE:LNG) said Thursday it signed a long-term agreement to supply ~1M metric tons/year of liquefied natural gas to Japan's largest power generator JERA from 2029 through 2050; the purchase price for LNG will be indexed to the Henry Hub price,