Cheniere Energy Gains US Approval for Gas-Export Terminal
-Bloomberg
The U.S. Federal Energy Regulatory Commission approved Cheniere
Energy's (NYSE:
LNG) proposal to
construct the country's largest natural-gas export terminal in
Louisiana, according to Bloomberg. The project cost is $10
billion.
morton13- here's the weekly chart of LNG that I posted back in Nov
2010 showing that it was in a Stan Weinstein Stage 1 base, as you
can see it played out nicely.
Posted by:
matt on the 19th of Nov 2010 at 02:21 pm
Nice find on
LNG, yes it's rallied quite a bit in the short term, however
it is a good candidate for a long term buy and hold on a pullback
based on the
weekly chart as it's coming out a multi-week base like
Uranium did. Long Term target could be in the 20's
FERC
Approves the Sabine Pass Liquefaction Project
HOUSTON, April 16, 2012 /PRNewswire via COMTEX/ --Cheniere
Energy Partners, L.P. ("Cheniere Partners") (NYSE Amex: CQP)
announced today that its subsidiaries, Sabine Pass Liquefaction,
LLC and Sabine Pass LNG, L.P. (collectively, "
Sabine Pass"), have received
authorization under Section 3 of the Natural Gas Act (the "Order")
from the Federal Energy Regulatory Commission ("FERC") to site,
construct and operate facilities for the liquefaction and export of
domestically produced natural gas at the Sabine Pass LNG terminal
("Liquefaction Project") located in
Cameron Parish, Louisiana. The
Order authorizes the development of up to four modular LNG
trains.
"Obtaining approval from the FERC is one more milestone for our
Liquefaction Project," said
Charif Souki, Chairman and CEO. "We
will now finalize the financing arrangements in order to commence
construction of the first two LNG trains of our Liquefaction
Project promptly."
Sabine Pass initiated FERC's
National Environmental Policy Act pre-filing process for the
Liquefaction Project in
July 2010, and submitted an
application to the FERC for authorization to site, construct and
operate the Liquefaction Project in
January 2011.
Cheniere Partners owns 100 percent of the Sabine Pass LNG
receiving terminal located on the Sabine Pass Channel in
western
Cameron Parish, Louisiana.
The
Sabine Pass terminal has
regasification and send-out capacity of 4.0 billion cubic feet per
day (Bcf/d) and storage capacity of 16.9 billion cubic feet
equivalent (Bcfe). Cheniere Partners is developing a project to add
liquefaction and export capabilities to the existing infrastructure
at the Sabine Pass LNG terminal. As currently contemplated, the
Liquefaction Project is being designed and permitted for up to four
modular LNG trains, each with a nominal capacity of approximately
4.5 mtpa. The Liquefaction Project is expected to be constructed
with each LNG train commencing operations approximately six to nine
months after the previous train. In
November 2011, Sabine Liquefaction
entered into a lump sum turnkey contract for the engineering,
procurement and construction of the first two trains of the project
with Bechtel Oil, Gas and Chemicals, Inc. Sabine Liquefaction has
also entered into four long-term customer sale and purchase
agreements ("SPAs") for 16.0 mtpa of LNG volumes, which represents
approximately 89 percent of the nominal LNG volumes. The customers
include BG Gulf Coast LNG, LLC ("BG") for 5.5 mtpa, Gas Natural
Fenosa for 3.5 mtpa, KOGAS for 3.5 mtpa and GAIL (
India) Ltd. for 3.5 mtpa. The BG
SPA commences with the start of train one operations and the Gas
Natural Fenosa SPA commences with the start of train two
operations. Commencement of construction for the first two trains
is subject, but not limited to, Cheniere Partners obtaining
financing and making a final investment decision. The KOGAS SPA
commences with the start of train three operations and the GAIL (
India) Ltd. SPA commences with the
start of train four operations. Commencement of construction for
the third and fourth trains is subject, but not limited to,
entering into an EPC contract, regulatory approvals, obtaining
financing and Cheniere Partners making a final investment decision.
Cheniere Partners has placed documentation pertaining to the
Liquefaction Project, including the applications and supporting
studies, on its website located at
http://www.cheniereenergypartners.com.
LNG
Posted by zach06 on 16th of Apr 2012 at 08:33 pm
LNG up to 18.25 after hours
The U.S. Federal Energy Regulatory Commission approved Cheniere Energy's (NYSE: LNG) proposal to construct the country's largest natural-gas export terminal in Louisiana, according to Bloomberg. The project cost is $10 billion.
Matt can you post your long-term chart of LNG, thanks.
Posted by morton13 on 17th of Apr 2012 at 08:54 am
morton13 - here's the weekly chart
Posted by matt on 17th of Apr 2012 at 10:25 am
morton13 - here's the weekly chart of LNG that I posted back in Nov 2010 showing that it was in a Stan Weinstein Stage 1 base, as you can see it played out nicely.
here's the same live chart URL
http://breakpointtrades.com/blog/post/132210/
--
Posted by: matt on the 19th of Nov 2010 at 02:21 pm
Nice find on LNG, yes it's rallied quite a bit in the short term, however it is a good candidate for a long term buy and hold on a pullback based on the weekly chart as it's coming out a multi-week base like Uranium did. Long Term target could be in the 20's
LNG weekly chart
Thanks! one of my favorite charts & holdings!
Posted by morton13 on 17th of Apr 2012 at 11:09 am
View printer-friendly version << Back FERC Approves the Sabine
Posted by zach06 on 16th of Apr 2012 at 09:50 pm
HOUSTON, April 16, 2012 /PRNewswire via COMTEX/ --Cheniere Energy Partners, L.P. ("Cheniere Partners") (NYSE Amex: CQP) announced today that its subsidiaries, Sabine Pass Liquefaction, LLC and Sabine Pass LNG, L.P. (collectively, " Sabine Pass"), have received authorization under Section 3 of the Natural Gas Act (the "Order") from the Federal Energy Regulatory Commission ("FERC") to site, construct and operate facilities for the liquefaction and export of domestically produced natural gas at the Sabine Pass LNG terminal ("Liquefaction Project") located in Cameron Parish, Louisiana. The Order authorizes the development of up to four modular LNG trains.
(Logo: http://photos.prnewswire.com/prnh/20090611/AQ31545LOGO)
"Obtaining approval from the FERC is one more milestone for our Liquefaction Project," said Charif Souki, Chairman and CEO. "We will now finalize the financing arrangements in order to commence construction of the first two LNG trains of our Liquefaction Project promptly."
Sabine Pass initiated FERC's National Environmental Policy Act pre-filing process for the Liquefaction Project in July 2010, and submitted an application to the FERC for authorization to site, construct and operate the Liquefaction Project in January 2011.
Cheniere Partners owns 100 percent of the Sabine Pass LNG receiving terminal located on the Sabine Pass Channel in western Cameron Parish, Louisiana. The Sabine Pass terminal has regasification and send-out capacity of 4.0 billion cubic feet per day (Bcf/d) and storage capacity of 16.9 billion cubic feet equivalent (Bcfe). Cheniere Partners is developing a project to add liquefaction and export capabilities to the existing infrastructure at the Sabine Pass LNG terminal. As currently contemplated, the Liquefaction Project is being designed and permitted for up to four modular LNG trains, each with a nominal capacity of approximately 4.5 mtpa. The Liquefaction Project is expected to be constructed with each LNG train commencing operations approximately six to nine months after the previous train. In November 2011, Sabine Liquefaction entered into a lump sum turnkey contract for the engineering, procurement and construction of the first two trains of the project with Bechtel Oil, Gas and Chemicals, Inc. Sabine Liquefaction has also entered into four long-term customer sale and purchase agreements ("SPAs") for 16.0 mtpa of LNG volumes, which represents approximately 89 percent of the nominal LNG volumes. The customers include BG Gulf Coast LNG, LLC ("BG") for 5.5 mtpa, Gas Natural Fenosa for 3.5 mtpa, KOGAS for 3.5 mtpa and GAIL ( India) Ltd. for 3.5 mtpa. The BG SPA commences with the start of train one operations and the Gas Natural Fenosa SPA commences with the start of train two operations. Commencement of construction for the first two trains is subject, but not limited to, Cheniere Partners obtaining financing and making a final investment decision. The KOGAS SPA commences with the start of train three operations and the GAIL ( India) Ltd. SPA commences with the start of train four operations. Commencement of construction for the third and fourth trains is subject, but not limited to, entering into an EPC contract, regulatory approvals, obtaining financing and Cheniere Partners making a final investment decision. Cheniere Partners has placed documentation pertaining to the Liquefaction Project, including the applications and supporting studies, on its website located at http://www.cheniereenergypartners.com.
thanks for the info!
Posted by morton13 on 17th of Apr 2012 at 08:56 am
IF YOU are going to trade LNG goto their website
Posted by zach06 on 17th of Apr 2012 at 10:09 am
and sign up for news alerts so you get them before the public.