Sabine Pass Liquefaction, LLC
Exhibit 10.3
August 4, 2021
Cheniere Marketing International LLP
3rd Floor, The Zig Zag Building
00 Xxxxxxxx Xxxxxx
Xxxxxx XX0X 0XX, Xxxxxx Xxxxxxx
Attn: Commercial Operations
Re: Letter Agreement regarding the Base SPA (“Letter Agreement”)
Dear Sir or Madam:
The Parties have entered into that certain Amended and Restated LNG Sale and Purchase Agreement (FOB) dated August 5, 2014 between Sabine Pass Liquefaction, LLC and Cheniere Marketing International LLP (as assignee of Cheniere Marketing, LLC) (as amended and assigned, the “Base SPA”). Capitalized terms used but not defined herein shall have the meanings given them in the Base SPA. This Letter Agreement sets forth the terms of certain sales and purchases of LNG under the Base SPA.
The Parties hereby agree that, notwithstanding Section 9.2 and subject to Section 14 of the Base SPA, the FPC (expressed in USD per MMBtu) applicable to: (i) up to six (6) cargoes scheduled for delivery in the 2022 Contract Year and up to six (6) cargoes scheduled for delivery in the 2023 Contract Year shall equal USD one decimal seven six eight per MMBtu (US$1.768/MMBtu); and (ii) up to six (6) cargoes scheduled for delivery in the 2022 Contract Year shall equal USD one decimal nine five two per MMBtu (US$1.952/MMBtu).
Please indicate Buyer’s agreement with the terms of this Letter Agreement by executing a copy of this Letter Agreement where indicated below and returning it to Seller.
Sincerely,
| By: | /s/ Xxxx Xxxxx | ||||
| Xxxx Xxxxx | |||||
| Chief Financial Officer | |||||
Accepted and Agreed:
| Cheniere Marketing International LLP | |||||||||||
| acting by its managing member, Cheniere Marketing, LLC | |||||||||||
| By: | /s/ Xxxxxx Xxxxxx | ||||||||||
| Xxxxxx Xxxxxx | |||||||||||
| Executive Vice President and Chief Commercial Officer | |||||||||||
000 Xxxxx Xxxxxx, Xxxxx 0000, Xxxxxxx, Xxxxx 00000
x0 000-000-0000
