SureTrader SureTrader
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
 
Followed By 227
Posts 21,975
Boards Moderated 5
Alias Born 09/16/11
160x600 placeholder
Current Report Filing (8-k) "Edgar (US Regulatory)" - 9/23/2016 4:35:16 PM
Confidential Treatment Order (ct Order) "Edgar (US Regulatory)" - 9/23/2016 1:49:23 PM
Cheniere Energy to Attend Wolfe Research Power & Gas Leaders Conference "PR Newswire (US)" - 9/23/2016 8:30:00 AM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 9/20/2016 7:16:50 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 9/20/2016 6:02:03 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 9/19/2016 8:00:09 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 9/19/2016 7:41:35 AM
Cheniere Energy, Inc. Announces New Executive Leadership Team "PR Newswire (US)" - 9/19/2016 7:30:00 AM
Cheniere Energy to Attend Barclays CEO Energy-Power Conference "PR Newswire (US)" - 9/1/2016 5:11:00 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 8/26/2016 5:21:30 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 8/19/2016 6:51:30 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 8/19/2016 6:29:07 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 8/19/2016 6:23:43 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 8/16/2016 4:41:14 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 8/11/2016 6:12:07 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 8/11/2016 6:10:06 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 8/11/2016 6:08:21 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 8/11/2016 6:03:56 PM
Cheniere Energy Reports Loss as Glut in Gas Depresses Prices "Dow Jones News" - 8/9/2016 4:30:00 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 8/9/2016 8:03:39 AM
Cheniere Energy, Inc. Reports Second Quarter 2016 Results "PR Newswire (US)" - 8/9/2016 8:00:00 AM
Quarterly Report (10-q) "Edgar (US Regulatory)" - 8/9/2016 6:03:07 AM
Notice of Iran-related Disclosure Filed Pursuant to Section 13(r)(3) of the Exchange Act (irannotice) "Edgar (US Regulatory)" - 8/9/2016 6:02:28 AM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 7/19/2016 7:28:40 PM
Cheniere Energy, Inc. Announces Timing of Second Quarter Earnings Release and Conference Call "PR Newswire (US)" - 7/7/2016 4:05:00 PM
starbuxsux   Tuesday, 04/17/12 09:23:19 AM
Re: None
Post # of 1808 
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)

SureTrader
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