Cheniere Energy hits milestone toward Corpus Christi export terminal

Cheniere Energy (LNG +2.6%) says it received a contract price for construction of its planned export terminal in Corpus Christi, a step which will allow it to begin negotiating contracts with overseas buyers of natural gas because it can now incorporate the project’s costs.

Bechtel, which provided the undisclosed price, is building liquefaction facilities at LNG's first terminal at Sabine Pass, La., the first facility to receive U.S. approval to ship natural gas to countries with which the U.S. doesn’t have free trade agreements. (Q3 earnings)

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Comments (2)
  • Jack Hutchison
    , contributor
    Comments (522) | Send Message
    Cheniere Energy and the MLP are must own story stocks as first mover in the LNG export business. They benefit with their pipelines and export terminals, shipping LNG to Asia through the Panama canal to realize the highest margins in the business. This is the energy play of the decade.
    14 Nov 2013, 02:48 PM Reply Like
  • jobehro
    , contributor
    Comments (771) | Send Message
    LNG should be a leader in exporting NG for years to come.
    28 Nov 2013, 11:32 AM Reply Like
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