On June 3, Cheniere Energy rose 4.55% in regular trading, trading at $238.27/share, with trading volume of $334 million.
On the news front, Cheniere Energy Partners signed a lump-sum turnkey Engineering, Procurement, and Construction (EPC) contract with Bechtel Energy for Phase 1 of the Sabine Pass LNG expansion project in Louisiana, and simultaneously issued a Limited Notice to Proceed (LNTP), allowing early-stage engineering and procurement work to commence.
Phase 1 covers Train 7, a boil-off gas reliquefaction unit, and supporting infrastructure connected to the existing Sabine Pass LNG terminal, with expected annual LNG production capacity exceeding 6 million tonnes. The full Sabine Pass expansion project envisions up to three large-scale liquefaction trains with total peak capacity of approximately 20 million tonnes per year. A Final Investment Decision on Phase 1 is expected in early next year, pending regulatory approvals from the Federal Energy Regulatory Commission and the Department of Energy, along with completion of financing arrangements.
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