Cheniere Energy, Inc. (NYSEMKT:LNG)’s ability to secure customer agreements is obviously crucial to the company’s success as well. So far, it has deals supporting five of the proposed trains at the Sabine Pass project. Bunge Ltd (NYSE:BG) and Gas Natural Fenosa combine for 7.7 million tons per annum on the first two trains, while Korea Gas and GAIL (India) account for a combined 8.3 million tons per annum on trains three and four. Total SA (ADR) (NYSE:TOT) has entered into a sales and purchase agreement for approximately 2.0 million tons per annum from train five. In October 2012, the Department of Energy authorized export of domestically produced gas from the Corpus Christi facility up to 15 megatons (or 767 billion cubic feet) per year to countries that have a free trade agreement with the U.S. Investors should watch closely as Cheniere Energy, Inc. (NYSEMKT:LNG) now begins to line up customers for the Texas facility.
The article The Key Areas You Must Watch at Cheniere Energy originally appeared on Fool.com and is written by Aimee Duffy.
Fool contributor Aimee Duffy has no position in any stocks mentioned. The Motley Fool recommends Total SA. (ADR).
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