Cheniere Energy Stock at All-Time High Today after Woodside Agreement
Posted on Jul 1, 2014 in LNG Exports, Markets and Competition | Comments Off on Cheniere Energy Stock at All-Time High Today after Woodside Agreement
Cheniere Energy, Inc. hit an all-time high of $72.70 per share on Monday after the company reached an agreement for Woodside Petroleum to buy 850,000 metric tons of liquefied natural gas a year from the company’s Corpus Christi export project. The Wall Street Journal [subscription required] reports that pursuant to the agreement, sales of LNG are due to begin in 2019 and continue for at least 20 years.