Cheniere +2.5% to all-time high as Woodside signs for Corpus Christi LNG

Cheniere Energy (LNG +2.5%) hits a new all-time high after Australia’s Woodside Petroleum (WOPEF, WOPEY) agrees to buy 850K metric tons/year of liquefied natural gas from the second train of LNG's Corpus Christi export project.

The agreement has a 20-year term beginning at the date of first commercial delivery of the second train, with an extension option of up to 10 years; deliveries from Train 2 are expected to occur in 2019.

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 (2)
  • Michael Bryant
    , contributor
    Comments (7053) | Send Message
    I am putting (LNG) aside and looking at (GLOG). MLP (GLOP) just went on IPO too.
    30 Jun 2014, 09:24 PM Reply Like
  • jpmj4847
    , contributor
    Comments (567) | Send Message
    Go LNG, long, longer, & longest...Yes Michael, put aside and sleep well and always be looking. Thanks for the heads up on GLOG.
    30 Jun 2014, 10:39 PM Reply Like
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