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Cheniere pitches U.S. LNG for South Africa gas push

Sep. 30, 2015 9:37 AM ETCheniere Energy, Inc. (LNG) StockLNGBy: Carl Surran, SA News Editor
  • Cheniere Energy (LNG +1.3%) is urging South Africa to consider U.S. liquefied natural gas supplies as it adds the fuel to its energy mix.
  • Cheniere already has contracted its planned export capacity of 40M metric tons/year, but that does not preclude resale to South Africa, the company's VP of origination and marketing for the Americas said today at a conference in Cape Town.
  • South Africa’s measures to combat a power crisis that has slowed economic growth include an invitation to private companies to supply 3,126 MW of gas-fired generation, and it is discussing ways to price gas imports to ensure they compete with other fuels.

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