Cheniere Locks In LNG Capacity
Cheniere Energy (NYSEMKT: CQP) is entering into a sale and purchase agreement with a subsidiary of Total (NYSE:TOT) for approximately 2 million tons per annum. Cheniere's Sabine Pass terminal can readily accommodate up to 4 LNG trains; this deal comprises roughly the amount left on Cheniere's train 5, which it plans to have by 2018. In this video, Motley Fool energy analyst Joel South breaks down the numbers for us and tells us what that means in terms of revenue.
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The article Cheniere Locks In LNG Capacity originally appeared on Fool.com.Joel South, Taylor Muckerman, and The Motley Fool have no positions in the stocks mentioned above. Motley Fool newsletter services recommend Total SA. (ADR). Try any of our Foolish newsletter services free for 30 days. We Fools don't 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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