LNG Updates: Cheniere Energy, Inc. (LNG) & LNG Exports, Chevron Corporation (CVX) & Clean Energy Fuels Corp (CLNE)’s New CNG Stations

Editor’s Note: Cheniere Energy, Inc. (NYSEMKT:LNG), Chevron Corporation (NYSE:CVX), Clean Energy Fuels Corp (NASDAQ:CLNE)

U.S. could approve further LNG exports if prices stay stable, Bernstein says (Seeking Alpha)
U.S. approval each year of 1.5B-2B cf/day of liquefied natural gas export capacity would be palatable for consumers, but energy policy makers would quickly hit the brakes and stall further capacity expansions if prices rise too fast or too severely, Bernstein analysts believe. Cheniere Energy (LNG), Sempra Energy (SRE) and Dominion Resources (D) are among companies seeking to build gas liquefaction plants so they can export the fuel to places such as Asia, where LNG costs are more than four times higher than U.S. gas prices.

Insurer Refuses To Back Consulting Co. In $3M Chevron Row (Law360)
Cincinnati Insurance Co. sued safety consulting company Endure Inc. in Illinois federal court Thursday, seeking to avoid indemnifying Endure in its $2.7 million arbitration battle against Chevron Corp. Endure and Chevron got into a spat over the $2.7 million, which Chevron paid Endure for its environmental disaster tracking and mitigation software in May 2012, according to Cincinnati’s complaint. Chevron later wanted the money back, claiming that the funds were paid in error for services that Chevron didn’t need.

Clean Energy to Develop New CNG Stations in Missouri (NGT News)
Clean Energy Fuels Corp. says it will be building – and ultimately owning and operating – a trio of compressed natural gas (CNG) refueling facilities in Missouri over the next several months. The largest of these stations will be located in Kansas City, where a new public-access CNG facility will serve the city’s own fleet of more than 250 natural gas vehicles. Located at 5300 Municipal Ave. in Kansas City, the station is expected to supply over 1 million GGE of CNG annually.

Cheniere bulls clean up in a hurry (CNBC.com)
The bulls came back to Cheniere Energy after a long hiatus yesterday, and the move paid off almost instantly. OptionMonster’s tracking systems lit up with unusual activity in the October 34 calls late yesterday morning, with traders snapping up big chunks for $0.23. We immediately flagged the trades in our chat room and via email to our subscribers, and it was a good thing we hurried. Barely 10 minutes later, buy orders started hitting the stock, driving it up $1 from its level when the calls appeared. Those October 34s more than doubled to $0.50 in the process.

Nat gas inventories up 58 BCF (CNBC.com)