LNG SALE AND PURCHASE AGREEMENT by and between DRIFTWOOD LNG LLC (Seller) and GUNVOR SINGAPORE PTE LTD (Buyer) dated as of May 27, 2021LNG Sale and Purchase Agreement • May 27th, 2021 • Tellurian Inc. /De/ • Crude petroleum & natural gas • New York
THIS LNG SALE AND PURCHASE AGREEMENT (“Agreement”) is made and entered into as of May 27, 2021 (the “Effective Date”), by and between Driftwood LNG LLC, a limited liability company incorporated under the laws of Delaware whose principal place of business is located at 1201 Louisiana Street, Suite 3100, Houston, TX 77002 (USA) (“Seller”), and Gunvor Singapore Pte Ltd, a company incorporated and registered in Singapore whose registered office is at 12 Marina Boulevard, #35-03 Marina Bay Financial Centre Tower 3, Singapore 018982 (“Buyer”). Buyer and Seller are each referred to herein as a “Party” and collectively as the “Parties”.
Tellurian and Gunvor sign 10-year LNG agreement for 3 mtpaLNG Sales and Purchase Agreement • May 27th, 2021 • Tellurian Inc. /De/ • Crude petroleum & natural gas
HOUSTON, Texas – (BUSINESS WIRE) May 27, 2021 -- Tellurian Inc. (Tellurian) (NASDAQ: TELL) and Gunvor Singapore Pte Ltd (Gunvor) announced today a liquefied natural gas (LNG) sales and purchase agreement (SPA) for three million tonnes per annum (mtpa) for a ten year period, indexed to a combination of two indices; the Japan Korea Marker (JKM) and the Dutch Title Transfer Facility (TTF), netted back for transportation charges. The LNG would be delivered free on board (FOB) from Tellurian’s Driftwood LNG, a 27.6 mtpa liquefaction facility proposed near Lake Charles, Louisiana in the United States Gulf Coast.
