Cheniere Energy, Pertamina sign additional LNG agreement

|About: Cheniere Energy, Inc (LNG)|By:, SA News Editor

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.