Cheniere Energy Inc (LNG)

[Timothy Smith]

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.