Tuesday, December 18, 2012

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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