| Cheniere Energy Unit Enters LNG Sales Agreement with EDF | |
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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).
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Cheniere Energy Inc.
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CODE : LNG |
ISIN : US16411R2085 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Cheniere Energy est une société d’exploration minière basée aux Etats-Unis D'Amerique. Cheniere Energy est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 37,8 milliards US$ (35,3 milliards €). La valeur de son action a atteint son plus bas niveau récent le 31 décembre 2001 à 0,75 US$, et son plus haut niveau récent le 25 avril 2024 à 159,00 US$. Cheniere Energy possède 237 656 695 actions en circulation. |