Cheniere Energy hits milestone toward Corpus Christi export terminal

|About: Cheniere Energy, Inc (LNG)|By:, SA News Editor

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)