Cheniere Energy, Pertamina sign additional LNG agreement


Cheniere Energy (LNG +2%) rallies to another day of all-time highs after signing an additional liquefied natural gas agreement with Pertamina, which will purchase ~760M metric tons/year of LNG upon the start of operations of Train 2 of the export facility currently being developed in Corpus Christi, Tex.

The agreement is in addition to an earlier deal for Pertamina to buy 760M metric tons/year of LNG, bringing the total quantity of gas sold to Pertamina under the two agreements to ~1.52M.

Yesterday, Woodside Petroleum agreed to buy 850K metric tons/year of gas from Cheniere's proposed Corpus Christi terminal with a view to selling it on at a higher price.

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  • Michael Bryant
    , contributor
    Comments (6944) | Send Message
     
    Anybody has a new valuation of (LNG)?
    1 Jul 2014, 09:46 PM Reply Like
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