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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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October 11, 2015
17:32 EDTLNGCheniere Energy subsidiary executive charged with insider trading
The Securities and Exchange Commission announced that it has charged Nicolas Zanen, VP of trading at a subsidiary of Cheniere Energy, and his associate, Francis van Steenberge, with insider trading in Cheniere options ahead of announcements about the company's entry into contracts with certain counterparties and Cheniere's public stock offering. The SEC complaint alleges that Zanen and van Steenberge entered into an arrangement in 2011 to share material, non-public information regarding Cheniere, resulting in profits of nearly $800,000. Van Steenberge has agreed to settle the SEC charges against him by consenting to the entry of a final judgment permanently enjoining him from future violations of section 10b of the Securities Exchange Act and rule 10b-5 thereunder, and to the payment of disgorgement and civil penalties in amounts later to be determined. The SEC's complaint charges Zanen with violations of section 10b and rule 10b-5, and the agency is seeking a permanent injunction, disgorgement with prejudgment interest, and civil penalties. Reference Link
October 1, 2015
17:09 EDTLNGCarl Icahn raises stake in Cheniere Energy to 12.07% from 11.43%
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September 30, 2015
12:45 EDTLNGCheniere Energy has lots of 'very solid' contracts, Icahn says
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September 29, 2015
08:40 EDTLNGCheniere Energy price target lowered to $65 from $73 at Goldman
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06:19 EDTLNGIcahn a little longer than short the market, CNBC reports
Carl Icahn is positioned as a "little longer than short" the market, CNBC's Scott Wapner reports following the release of the billionaire's "Danger Ahead" movie. Icahn is keeping as is his long position in Apple (AAPL), Wapner added. The famed investor owns Freeport McMoRan (FCX) as a play on copper prices recovering over the long term, the reported noted after speaking with Icahn on the phone. Icahn last night raised his stake in Cheniere Energy (LNG).

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