British Demand Adds to the Natural Gas Export Debate
As the debate rages on regarding whether or not the United States should export natural gas, Cheniere Energy continues to move forward with its deal-making for LNG exports out of its Sabine Pass facility. Being the first mover in this space has afforded the company a tremendous advantage now that the chemical industry is asking for tighter regulation of the exportation process.
The company has had its first four trains booked for some time now, and the fifth train, which has yet to be approved, is nearing its capacity. The newest 20-year contract is for $5.5 billion with the United Kingdom-based utility Centrica. If this train is allowed to export LNG, it would bring the contracted total to 12.75 million tons per year to be exported between all trains. Look for Cheniere to continue touching new 52-week highs if positive news like this keeps flowing in.
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The article British Demand Adds to the Natural Gas Export Debate originally appeared on Fool.com.Joel South has no position in any stocks mentioned. Taylor Muckerman owns shares of Cheniere Energy. The Motley Fool recommends Total SA. (ADR). Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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