New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 7, 2014
10:16 EDTLNGCheniere, Endesa sign 20-year LNG sale, purchase agreement
Cheniere Energy announced that its subsidiary, Corpus Christi Liquefaction, has entered into a liquefied natural gas sale and purchase agreement with Endesa under which Endesa has agreed to purchase approximately 0.75M tonnes per annum of LNG upon the commencement of operations from the LNG export facility being developed near Corpus Christi, Texas. The SPA is in addition to the previously signed SPA under which Endesa will purchase approximately 1.5 mtpa of LNG, bringing the total quantity of LNG sold to Endesa under the two agreements to approximately 2.25 mtpa. The Corpus Christi Liquefaction Project is being designed and permitted for up to three trains, with aggregate design production capacity of 13.5 mtpa of LNG. Under the SPA, Endesa will purchase LNG on an FOB basis for a purchase price indexed to the monthly Henry Hub price plus a fixed component. LNG will be loaded onto Endesa's vessels. The SPA has a term of twenty years commencing upon the date of first commercial delivery and an extension option of up to ten years. Deliveries are expected to occur as early as FY18.
News For LNG From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
December 12, 2014
11:43 EDTLNGCheniere engages 18 arrangers for debt financing for Corpus Christi project
Subscribe for More Information
11:36 EDTLNGCheniere Energy trading halted, pending news
Subscribe for More Information
December 10, 2014
16:16 EDTLNGKinder Morgan, Cheniere Energy announces long-term agreements
Kinder Morgan (KMI) announced that Kinder Morgan Texas Pipeline, Kinder Morgan Tejas Pipeline and Tennessee Gas Pipeline Company, or TGP, have entered into 15-year firm transportation agreements and a multi-year storage agreement with Cheniere Energy (LNG) through its subsidiary, Corpus Christi Liquefaction. Under the agreements, KMI will provide 550,000 dekatherms per day of firm natural gas transportation service, as well as 3B cubic feet, or Bcf, of natural gas storage capacity to serve the LNG export facility being developed near Corpus Christi. The project is being designed and permitted for up to three trains, with aggregate design production capacity of approximately 13.5M tonnes per annum, or mtpa, of LNG. The natural gas transportation service can be increased to 800,000 Dth/d upon the completion of certain conditions in the Kinder Morgan Texas Pipeline agreement. KMI will expand its existing Texas intrastate pipeline system in South Texas to provide 250,000 Dth/d of firm transportation and 100 percent of the storage services, and expand its TGP Pipeline to provide 300,000 Dth/d of firm transportation from various Zone 1 receipt points near its Station 87 Pool located in Portland, Tennessee. The construction of the facilities necessary to support these services will be coordinated with the startup of the LNG export facility, which is expected in 2018/2019. KMI expects to invest approximately $187M for this project.
16:00 EDTLNGOptions Update; December 10, 2014
Subscribe for More Information
December 9, 2014
06:05 EDTLNGStocks with implied volatility movement; LNG OXY
Stocks with implied volatility movement; Cheniere Energy (LNG) 59, Occidental Petroleum (OXY) 33 according to iVolatility.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use