| Cheniere Energy Unit Enters LNG Sales Agreement with EDF | |
| | |
|
Cheniere Marketing International LLP – a wholly-owned subsidiary of Cheniere Energy, Inc. LNG – has signed a sales agreement with Électricité de France, S.A (“EDF”). Per the arrangement, Cheniere Marketing will deliver liquefied natural gas ("LNG") from the Sabine Pass LNG terminal to the Dunkerque LNG terminal in France.
Per the deal, up to 26 cargoes or about 100 million MMBtus of LNG will be delivered through 2018. The Cheniere affiliate’s supply source is production from Sabine Pass Liquefaction, LLC. Cheniere holds a sale and purchase agreement with Sabine Pass Liquefaction, whereby it has right to purchase any additional produce from Sabine Pass that is not required by Sabine Pass’ customers. Cheniere has a similar sales and purchase agreement with Corpus Christi Liquefaction, LLC as well.
Considering the above agreements, Cheniere Marketing is expected to have a LNG portfolio of about 9 million tons per annum.
The affiliate has already sold 42 LNG cargoes till date, which are expected to be delivered between 2016–18 from the Sabine Pass Liquefaction. Most of these deliveries, including the current one, are on an ex-ship basis. This means that Cheniere will use its own vessels to deliver the LNG at the desired terminal.
Also, recently Cheniere entered into another 20-year agreement with Central El Campesino for the sale of about 0.6 Mpta of LNG. The agreement, however, is subject to the final investment decision on the Central El Campesino power project.
Currently, Cheniere Energy carries a Zacks Rank #4 (Sell).
Some better-ranked players from the oil exploration and production space are Linn Energy, LLC LINE, Sanchez Energy Corporation SN and Cobalt International Energy, Inc. CIE. All these stocks hold a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report COBALT INTL EGY (CIE): Free Stock Analysis Report SANCHEZ ENERGY (SN): Free Stock Analysis Report LINN ENERGY LLC (LINE): Free Stock Analysis Report CHENIERE ENERGY (LNG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
|
|
|
Cheniere Energy Inc.
|
|
|
CODE : LNG |
ISIN : US16411R2085 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Cheniere Energy is a exploration company based in United states of america. Cheniere Energy is listed in United States of America. Its market capitalisation is US$ 42.9 billions as of today (€ 38.6 billions). Its stock quote reached its lowest recent point on December 31, 2001 at US$ 0.75, and its highest recent level on September 06, 2024 at US$ 180.64. Cheniere Energy has 237 656 695 shares outstanding. |