Petrobras has signed a long-term Liquefied Natural Gas (LNG) purchase and sale agreement with Cheniere Marketing, LLC, a U.S. company and subsidiary of Cheniere Energy, Inc. (NYSE: LNG).

The agreement provides for Petrobras to purchase 0.8 million tonnes per annum (mtpa) of LNG for a period of 22 years.

The contracting of long-term volumes reflects Petrobras' strategy to reduce its exposure to volatility in the LNG spot market, strengthens the risk management of its natural gas portfolio, and increases flexibility and security in meeting its contractual commitments.

Cheniere Energy, Inc. is the leading producer and exporter of LNG in the United States. The company has one of the world's largest liquefaction portfolios, comprising the Sabine Pass and Corpus Christi terminals in the states of Louisiana and Texas (USA), with a total LNG production capacity currently in operation of approximately 56 mtpa.

About Petrobras

Petrobras has upwards of 100 production platforms, 16 refineries, 30,000 kilometers of pipelines and more than 6,000 service stations. Our proved reserves are around 14 billion barrels of oil, a figure expected to double in the next few years. With the discovery of oil and gas in the pre-salt region, Brazil may become the world's fourth biggest oil producer in 2030.

About Cheniere

Cheniere Energy, Inc. is the leading producer and exporter of LNG in the United States, reliably providing a clean, secure, and affordable solution to the growing global need for natural gas. Cheniere is a full-service LNG provider, with capabilities that include gas procurement and transportation, liquefaction, vessel chartering, and LNG delivery. Cheniere has one of the largest liquefaction platforms in the world, consisting of the Sabine Pass and Corpus Christi liquefaction facilities on the U.S. Gulf Coast, with total production capacity of approximately 56 mtpa of LNG in operation and an additional approximately 5 mtpa of expected production capacity under construction, inclusive of estimated debottlenecking opportunities. Cheniere is also pursuing liquefaction expansion opportunities and other projects along the LNG value chain. Cheniere is headquartered in Houston, Texas, and has additional offices in London, Singapore, Beijing, Tokyo, Dubai and Washington, D.C.