Exhibit 10.47
Sabine Pass Liquefaction, LLC
February 23, 2021
Cheniere Marketing International LLP
3rd Floor, The Zig Zag Building
70 Victoria Street
London SW1E 6SQ, United Kingdom
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 the following number of cargoes shall equal USD one decimal seventy-two per MMBtu (US$1.72/MMBtu):
(a)up to three (3) cargoes scheduled for delivery in the 2021 Contract Year;
(b)up to five (5) or six (6) cargoes scheduled for delivery in each of the 2022, 2023, 2024 and 2025 Contract Years, such number to be nominated by Buyer for each such Contract Year during the ADP process for the relevant Contract Year; and
(c)up to three (3) or four (4) cargoes scheduled for delivery in the 2026 Contract Year, such number to be nominated by Buyer during the ADP process for the 2026 Contract Year.
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,
Sabine Pass Liquefaction, LLC
| | | | | |
| By: | /s/ Zach Davis |
| Zach Davis |
| Chief Financial Officer |
700 Milam Street, Suite 1900, Houston, Texas 77002
+1 713-375-5000
Sabine Pass Liquefaction, LLC
Accepted and Agreed:
| | | | | | | | | | | |
| Cheniere Marketing International LLP | |
| acting by its managing member, Cheniere Marketing, LLC |
| | | |
| By: | /s/ Anatol Feygin | |
| Anatol Feygin | | |
| Executive Vice President and Chief Commercial Officer |
700 Milam Street, Suite 1900, Houston, Texas 77002
+1 713-375-5000