Cheniere Energy price target raised to $30 from $25 at Citigroup Citigroup raised its price target for Cheniere Energy (LNG) citing the reduction in the equity needed at Cheniere Energy Partners (CQP) as well as the achievement of milestones. Citi keeps a Buy rating on shares of Cheniere Energy.
Cheniere 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.