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Stock Market & Financial Investment News

News Breaks
December 21, 2012
08:31 EDTCQPCheniere Energy Partners enters lump sunk turnkey contract with Bechtel
Cheniere Energy Partners announced that its subsidiary, Sabine Pass Liquefaction and Bechtel Oil, Gas and Chemicals have entered into a lump sum turnkey contract for the engineering, procurement and construction of the third and fourth liquefaction trains to be constructed adjacent to the Sabine Pass LNG terminal located in Cameron Parish, Louisiana. Sabine Liquefaction intends to give Bechtel a notice to proceed with construction for the third and fourth liquefaction trains upon achieving acceptable financing arrangements and making a final investment decision. Construction for the third and fourth trains is expected to begin in the first half of 2013. Sabine Liquefaction issued NTP to Bechtel and commenced full construction for the first two liquefaction trains in August 2012. The total contract price of the Trains 3&4 EPC Contract is approximately $3.8B. Total expected costs for the third and fourth liquefaction trains before financing costs are estimated to be between $4.5B and $5B, including an estimate for owner's costs and contingencies.
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April 22, 2015
13:31 EDTCQPCheniere rallies with company 'on the verge' of first LNG export
Cheniere Energy (LNG) CEO Charif Souki told CNBC earlier today that his company is "on the verge" of exporting the first liquefied natural gas from the U.S. later this year. Cheniere's first executed contract will occur in Q1 of 2016 by selling gas to BG Group (BRGYY), Souki noted. He told CNBC's Kate Kelly that his company will make a "ton" of money from the 20-year LNG export contracts it has signed. On more general issues, Souki thinks Shell's (RDS.A) proposed acquisition of BG will receive regulatory approval and that the price of crude oil has bottomed. Shares of Cheniere Energy are up $1.12 to $78.12 in afternoon trading while Cheniere Energy Partners LP (QEP) is up 43c to $32.11.

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