- Cheniere Energy (LNG) jumped more than 13% this week after it announced its first deal to liquefy and ship natural gas from a planned facility in Corpus Christi to Indonesia, with components that were more lucrative than the company's prior liquefied natural gas contracts.
- The fixed rate for the contract of $3.50/Mbtu was higher than LNG's prior contracts to ship natural gas from the Sabine Pass export facility under construction in Louisiana that is scheduled to be the first to ship U.S. natural gas overseas.
- A variable component of the deal was less lucrative, however, with LNG agreeing to charge Pertamina an 11.5% premium on any gas it liquefies and ships, down from the standard 15% it had so far secured in other contracts.
From other sites
Video at CNBC.com (Aug 6, 2015)
at CNBC.com (Jan 14, 2015)
at CNBC.com (Jan 7, 2015)
at CNBC.com (Dec 29, 2014)
Video at CNBC.com (Dec 12, 2014)
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