Cheniere Energy, Endesa sign second LNG sales deal


Cheniere Energy (LNG +0.4%) and Endesa (ELEZF) sign another 20-year sale and purchase agreement for liquefied natural gas from LNG's planned export facility being developed near Corpus Christi, Tex.

Endesa will purchase ~750M metric tons/year of gas in addition to last week's announcement that the Spanish utility would purchase 1.5M metric tons/year, to bring the total quantity sold to Endesa to ~2.25M.

The Corpus Christi Liquefaction Project is being designed and permitted for up to three trains, with aggregate design production capacity of 13.5M metric tons/year of LNG.

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Comments (1)
  • mo570650
    , contributor
    Comment (1) | Send Message
     
    Hi, I am a new member from Asia. I am an engineer but more interested in investment.

     

    Everything looks good for LNG, but is the current rocket price still has rooms to grow ? Could we justify the stock price through a quantitative approach such as estimating the potential revenue from the future export activities ?
    8 Apr 2014, 02:03 AM Reply Like
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