Cheniere Energy's second-quarter profit nearly doubled year-on-year, driven by positive changes in the valuation of certain assets, steady demand and robust margins, the U.S. liquefied natural gas (LNG) company reported on Thursday.

Cheniere Energy and JERA have finalised a long-term sale and purchase agreement (SPA) to acquire approximately one million tonnes per annum (mtpa) of liquefied natural gas (LNG) from Cheniere Marketing on a free-on-board (FoB) basis from 2029 to 2050.

Cheniere Energy (NYSE:LNG) said Thursday it signed a long-term agreement to supply ~1M metric tons/year of liquefied natural gas to Japan's largest power generator JERA from 2029 through 2050; the purchase price for LNG will be indexed to the Henry Hub price,