Get the Latest Update in Natural Gas Exports
This segment is from Thursday's edition of 'Digging for Value', in which sector analysts Joel South and Taylor Muckerman discuss energy & materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays & Thursdays. It can also be found on Twitter, along with our extended coverage of the energy & materials sectors @TMFEnergy.
With its Sabine Pass liquified natural gas export facility estimated to come online in 2015, Cheniere Energy, Inc. continues lining up deals for its Corpus Christi project. Once approved for non-FTA exporting, the facility should have the capacity to export 2.1 billion cubic feet per day. A portion of that will now be going to Pertamina, a state-owned energy company in Indonesia. The deal will last from 2018 until 2038. With the first four trains of the Sabine Pass, operated by Cheniere Energy Partners , facility already approved, further good news out of Corpus Christi should continue driving Cheniere Energy's stock price higher.
Where's all of the natural gas coming from?
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You can follow Taylor on Twitter @t_Muckerman.Joel South has no position in any stocks mentioned. Taylor Muckerman owns shares of Cheniere Energy, The Motley Fool has no position in any of the stocks mentioned. 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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