• Cheniere's own release, dated 29 September 2026, says Cheniere Marketing and Petrobras signed a sale and purchase agreement for about 0.8 million tonnes per annum of LNG, free on board, over 22 years.
• Rigzone quotes Petrobras as saying long-term volumes reflect a strategy to reduce exposure to spot-market volatility. Cheniere's release carries no Petrobras statement, so this rests on Rigzone alone.
• Rigzone reports that Petrobras also contracted 0.8 MMtpa for 20 years from Sempra, announced 14 September 2026 and supplied from Port Arthur LNG Phase 2, which is slated for commercial operations in 2030 and 2031.
• Cheniere's CEO Jack Fusco says the deal provides fixed-fee cash-flow visibility to underpin further brownfield liquefaction growth. Cheniere's release does not say which facility will supply the volume.
• Price, the first-delivery date and the supplying facility were not disclosed in the origins reviewed, so the contract's economics cannot be assessed.

Cheniere Marketing has signed a 22-year LNG supply agreement with Petrobras, and Rigzone reports that the Brazilian state-controlled company had already contracted the same volume from Sempra on 14 September 2026. The volume is small by global LNG standards, but the tenor is long. This is analysis of reported terms, not a trading view.

What the contract says

Cheniere's release, dated 29 September 2026, says Cheniere Marketing, LLC will supply Petrobras about 0.8 million tonnes per annum of LNG on a free-on-board basis for 22 years. Rigzone published its report on 30 September 2026. Over the full term the volume implies roughly 17.6 million tonnes, which is our own multiplication and not a figure either party has stated. The release does not name the supplying facility, the price formula or a first-delivery date.

Why a state buyer wants fixed supply

Rigzone quotes Petrobras as saying that contracting long-term volumes reflects its strategy to reduce exposure to spot-market volatility and to strengthen risk management of its gas portfolio. Cheniere's release carries no Petrobras statement, so we treat this as reported, not independently confirmed. Free-on-board terms mean the buyer arranges shipping, leaving freight and delivery logistics with Petrobras. Cheniere gains contracted revenue; Petrobras gains a price and supply anchor.

How it fits with Sempra and Cheniere's growth

Rigzone reports that Petrobras also agreed to take 0.8 MMtpa from Sempra for 20 years, announced 14 September 2026 and supplied from Port Arthur LNG Phase 2, with commercial operations expected in 2030 and 2031. On those reported figures the two contracts total about 1.6 MMtpa. We reviewed no Sempra or Petrobras primary release, so the Sempra terms are second-hand. Cheniere's release does not tie this contract to a specific facility.

What Cheniere says it supports

In the release, chief executive Jack Fusco said the agreement reinforces Cheniere's position as a leading global LNG provider while providing additional commercial support and fixed-fee cash-flow visibility to underpin further brownfield liquefaction capacity growth. The release puts operating capacity at about 56 mtpa, with about 5 mtpa under construction. Rigzone adds that the Sabine Pass expansion final investment decision is expected by early 2027, pending FERC and DOE approvals.

What remains unknown

The origins reviewed do not disclose the price formula, the first-delivery date or the supplying facility, so the contract's economics cannot be judged. Watch for a delivery start date, a Petrobras or Sempra primary filing confirming the Sempra terms, and progress on the Sabine Pass approvals. Until cargoes load, this is a contractual commitment and not a moved barrel. It is analysis, not trading advice.