Chesapeake Energy Corp (CHK)

[ogbull]

New Deal to Supply Chile with LNG

The recent opening of the new deeper/wider Panama Canal has also opened an opportunity to ship LNG from the GOM north and south up and down the entire Eastern Pacific Coast and Asia. Chile just signed a 20 year deal to buy 33/mmBtu of US gas per year with more deals coming. This comes to 7 ship loads per year. Every little bit counts. US LNG will succeed all along the Pacific coast that is starving for clean power supply, but we are looking out 2 to 3 years.

http://www.bloomberg.com/news/articles/2016-06-30/chile-just-gave-cheniere-a-big-reason-to-build-another-lng-plant?cmpid=yhoo.headline Less