Cheniere Energy, Fenosa sign 20-year gas supply deal

Cheniere Energy (LNG) and Gas Natural Fenosa sign a 20-year supply deal for ~1.5M metric tons/year of liquefied natural gas upon commencement of operations of Train 2 from the export facility being developed near Corpus Christi, Tex.

The Corpus Christi project is being designed and permitted for up to three trains, with aggregate design production capacity of 13.5M metric tons/year of LNG; deliveries from Train 2 are expected to occur in 2019

Fenosa is the largest integrated gas and electricity company in Spain and Latin America, and the leading marketer of natural gas on the Iberian Peninsula; last Friday, Spanish power company Iberdrola signed a 20-year deal for Train 1.

LNG +0.6% premarket.

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Comments (1)
  • mapodga
    , contributor
    Comments (7581) | Send Message
    This is everything optional.


    If LNG would be able to provide the LNG at today wished prices and Spain won't have better alternative then it will go.


    Price in Europe is currently 10$ per MBTU. In US is currently between 5-6$. If goes a little more up LNG will have to export with loses. Or take a rest as many other great investments :)


    And it could since there will be big growth of domestic usage in US in next 5years, because the plant will migrate from coal to gas. And could go price of gas to Europe level.


    Not really some benefit for value of the company from this news anyway, just PR and filling of progress, while there isn't any.


    So much for my 2 cents
    2 Jun 2014, 08:30 PM Reply Like
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