Advertisement Fidelity
Home > Boards > US Listed > Basic Materials > Cheniere Energy Inc. (LNG)

Sempra InPact For Natural Gas Liquefaction Export Facility

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
starbuxsux Member Profile
Member Level 
Followed By 187
Posts 15,554
Boards Moderated 28
Alias Born 09/16/11
160x600 placeholder
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 4/17/2014 4:18:56 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 4/17/2014 4:18:06 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 4/17/2014 4:17:37 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 4/15/2014 4:02:41 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 4/9/2014 4:13:36 PM
Patent Grants, Termination of Agreement, Sale and Purchase Agreements, Energy Equality Initiative, and Divestitures - Analyst... "PR Newswire (US)" - 4/9/2014 8:00:00 AM
Cheniere, Endesa in Second LNG Pact - Analyst Blog "Zacks" - 4/8/2014 7:30:01 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 4/7/2014 4:41:26 PM
Cheniere and Endesa Sign 20-Year LNG Sale and Purchase Agreement "PR Newswire (US)" - 4/7/2014 10:12:00 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 4/7/2014 6:42:10 AM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 4/4/2014 4:09:54 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 4/3/2014 4:06:42 PM
Initial Statement of Beneficial Ownership (3) "Edgar (US Regulatory)" - 4/3/2014 4:05:05 PM
U.S. Hot Stock Futures: Hot Stocks to Watch "Dow Jones News" - 4/2/2014 9:27:32 AM
Cheniere Energy Reaches 20-Year LNG Sales Pact with Endesa "Dow Jones News" - 4/2/2014 7:54:04 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 4/2/2014 7:09:34 AM
Cheniere and Endesa Sign 20-Year LNG Sale and Purchase Agreement "PR Newswire (US)" - 4/2/2014 7:00:00 AM
Cheniere Energy Announces Senior Management Appointment "PR Newswire (US)" - 3/31/2014 8:30:00 AM
Pre-Market Scans on Equities with New highs -- Research on MetLife, Cheniere Energy, Energy Transfer Equity, and Level 3 Comm... "PR Newswire (US)" - 3/28/2014 3:13:00 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 3/24/2014 5:16:12 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 3/19/2014 5:26:50 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 3/19/2014 5:21:58 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 3/14/2014 4:37:18 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 3/13/2014 4:40:15 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 3/7/2014 6:41:40 PM
starbuxsux Member Level  Tuesday, 04/17/12 09:23:19 AM
Re: None
Post # of 788 
Sempra InPact For Natural Gas Liquefaction Export Facility

Apr 17, 2012 08:07:48 (ET)

DOW JONES NEWSWIRES

A Sempra Energy (SRE) unit signed acommercial development agreement with Mitsubishi Corp. (MSBHY, 8058.TO) and Mitsui & Co. (MITSY, 8031.TO) toconstruct a natural-gas liquefaction export facility at its Cameron LNG terminal in Louisiana.

The agreement provides funding for the development of the projects as well as requirements to negotiate atolling agreement for a third of the anticipated output. Negotiations are in progress with other parties for the rest.

The U.S. Department of Energy in January had authorized Cameron LNG to export liquefied natural gas, opening the door wider to sell U.S. natural gas overseas where it may fetch higher prices.

The 20-year permit allowedCameron, a wholly owned subsidiary of Sempra Energy, a California-based natural gas distribution and marketing company, to ship upto 1.7 billion cubic feet a day of LNG from its facility in Cameron Parish, La., to countries possessing free-trade agreements with the U.S.

The company is still waitingfor federal permission to export LNG to any country that doesn't have a free trade agreement with the U.S.

New drilling technologies such as horizontal drilling and hydraulic fracturing have unlocked new sources of natural gas in the U.S., increasing supply and helping to drive prices to a historic lows.

The agreement comes a day after Cheniere Energy Inc. (LNG) received federal approval to construct what would be the first major natural gas export facility in the lower 48 U.S. states.

The Federal Energy Regulatory Commission gave its approval for the construction of aliquefied natural gas export facility in Cameron Parish, La., clearing the final regulatory hurdle for Cheniere. Pending financing, Cheniere would become the only large-scale LNG exporter in the U.S.

Semprashares closed Monday at $63.18 and were inactive premarket. Through Monday's close, the stock is up 15%since the start of the year.

-By Tess Stynes, Dow Jones Newswires; 212-416-2481; Tess.Stynes@dowjones.com

(END) Dow Jones Newswires

April 17, 2012 08:07 ET (12:07 GMT)

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist