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Stock Market & Financial Investment News

News Breaks
July 17, 2014
16:55 EDTLNGCheniere Energy signs 20 year LNG sale and purchase agreement with EDF
Cheniere Energy announced that its subsidiary, Corpus Christi Liquefaction, has entered into a liquefied natural gas, or LNG, sale and purchase agreement with Électricité de France, or EDF, under which EDF has agreed to purchase approximately 0.38M tonnes per annum, or mtpa, of LNG upon the commencement of operations of train 2 of the LNG export facility being developed near Corpus Christi, Texas, and increasing to approximately 0.77 mtpa of LNG upon the commencement of operations of train 3. 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, EDF will purchase LNG on a free on board basis for a purchase price indexed to the monthly Henry Hub price plus a fixed component. The term of the SPA will extend for 20 years beyond the date of first commercial delivery of the third train of the Corpus Christi Liquefaction Project, with an extension option of up to ten years. Deliveries from train 3 are expected to occur as early as 2019.
News For LNG From The Last 14 Days
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April 22, 2015
13:31 EDTLNGCheniere 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.
April 15, 2015
08:45 EDTLNGAtlantic Council of the U.S. to host a discussion
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