Latest news with #CorpusChristiStage3LiquefactionProject
Yahoo
29-05-2025
- Business
- Yahoo
Cheniere Energy inks production marketing deal with Canadian Natural Resources
Cheniere Energy's subsidiary, Cheniere Marketing, has entered into a long-term integrated production marketing (IPM) agreement with Canadian Natural Resources. The deal, which is expected to start in 2030, involves the sale of 140 billion metric British thermal units per day of natural gas by a subsidiary of Canadian Natural Resources over a 15-year period. Under the terms of the agreement, the liquefied natural gas (LNG) associated with this gas supply, approximately 850,000 tonnes per annum (tpa), will be marketed by Cheniere Marketing. The pricing for the natural gas will be linked to the Platts Japan Korea Marker, with deductions for fixed LNG shipping costs and a fixed liquefaction fee. The execution of the IPM agreement is contingent upon Cheniere's positive final investment decision regarding the Sabine Pass Liquefaction Expansion Project. This project is expected to have a total production capacity of up to 20 million tonnes per annum of LNG, including estimated debottlenecking opportunities. In March, Cheniere Energy announced the substantial completion of Train 1 at the Corpus Christi Stage 3 Liquefaction Project in Texas, US. This milestone signifies the handover of Train 1 and its associated systems from Bechtel Energy, the project's engineering, procurement and construction partner, to Cheniere. In October 2024, Canadian Natural Resources reached a definitive agreement to acquire Chevron Canada's assets for $6.5bn (C$8.86bn). The deal included a 20% non-operated interest in the Athabasca Oil Sands Project and a 70% operated interest in the Duvernay shale formation, along with associated assets, all situated in Alberta, Canada. "Cheniere Energy inks production marketing deal with Canadian Natural Resources" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
29-05-2025
- Business
- Yahoo
Cheniere Energy inks production marketing deal with Canadian Natural Resources
Cheniere Energy's subsidiary, Cheniere Marketing, has entered into a long-term integrated production marketing (IPM) agreement with Canadian Natural Resources. The deal, which is expected to start in 2030, involves the sale of 140 billion metric British thermal units per day of natural gas by a subsidiary of Canadian Natural Resources over a 15-year period. Under the terms of the agreement, the liquefied natural gas (LNG) associated with this gas supply, approximately 850,000 tonnes per annum (tpa), will be marketed by Cheniere Marketing. The pricing for the natural gas will be linked to the Platts Japan Korea Marker, with deductions for fixed LNG shipping costs and a fixed liquefaction fee. The execution of the IPM agreement is contingent upon Cheniere's positive final investment decision regarding the Sabine Pass Liquefaction Expansion Project. This project is expected to have a total production capacity of up to 20 million tonnes per annum of LNG, including estimated debottlenecking opportunities. In March, Cheniere Energy announced the substantial completion of Train 1 at the Corpus Christi Stage 3 Liquefaction Project in Texas, US. This milestone signifies the handover of Train 1 and its associated systems from Bechtel Energy, the project's engineering, procurement and construction partner, to Cheniere. In October 2024, Canadian Natural Resources reached a definitive agreement to acquire Chevron Canada's assets for $6.5bn (C$8.86bn). The deal included a 20% non-operated interest in the Athabasca Oil Sands Project and a 70% operated interest in the Duvernay shale formation, along with associated assets, all situated in Alberta, Canada. "Cheniere Energy inks production marketing deal with Canadian Natural Resources" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-04-2025
- Business
- Yahoo
Why Cheniere Energy Partners (CQP) Gained This Week?
We recently compiled a list of the Energy Stocks that Are Gaining This Week. In this article, we are going to take a look at where Cheniere Energy Partners, L.P. (NYSE:CQP) stands against the other energy stocks. After significantly trailing behind in 2024, the energy sector now finds itself outperforming the general market so far this year. Despite the sharp market decline on Thursday, April 3, the broader energy sector has gained over 1.3% since the beginning of 2025, against declines of more than 7% by the wider market. The energy industry has braced itself for a tidal wave of change with Donald Trump back in the Oval Office since the President has expressed a strong commitment to reviving fossil fuels, reversing climate policies, and assuring America's energy security. One sector that is already booming is that of natural gas. The benchmark US natural gas price at Henry Hub has surged by over 147% over the last year, thanks to slowing output in 2024, booming LNG exports, and fast-depleting inventories during the coldest winter in six years. Moreover, the ongoing AI boom and the accompanying data centers are also set to significantly increase the country's energy demand, for which natural gas is a leading contender. The Energy Information Administration (EIA) expects the US gas demand to reach record highs this year and next, forecasting the country's gas output to surge to 105.2 billion cubic feet per day (bcfd) in 2025, up from 103.2 bcfd last year and a record 103.6 bcfd in 2023. A close-up view of a gas liquefaction plant, indicating the scale and complexity of the process. To collect data for this article, we have referred to several stock screeners to find energy stocks that have surged the most between March 26 and April 2, 2025. Following are the Energy Stocks that Gained the Most This Week. The stocks are ranked according to their share price surge during this period. At Insider Monkey, we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Share Price Gains Between Mar. 26 – Apr. 2: 6.75% Cheniere Energy Partners, L.P. (NYSE:CQP) provides LNG to integrated energy companies, utilities, and energy trading companies around the world. As a major player in the LNG export business, Cheniere Energy Partners, L.P. (NYSE:CQP) is set to benefit greatly under the current Trump administration. The company announced the Substantial Completion of Train 1 at the Corpus Christi Stage 3 Liquefaction Project last month, marking a major milestone. The project was completed ahead of schedule and on budget, creating substantial long-term value for CQP. Cheniere Energy Partners, L.P. (NYSE:CQP) closed at an all-time high of over $68 earlier this week, putting it among the 11 Best Performing Energy Stocks so Far in 2025. Overall, CQP ranks 7th on our list of the energy stocks that gained the most this week. While we acknowledge the potential of energy companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than CQP but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds' investor letters by entering your email address below. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
