Cheniere Boosts Guidance; Moves Forward With Corpus Christi Stage 3 and New Apache Contract
Cheniere unveiled a number of positive updates across its business, and we are increasing our Cheniere fair value estimate to $79 from $75 to account for the expected final investment decision on Corpus Christi Stage 3 in 2020 and completion in 2025, while leaving our fair value estimate for Cheniere Partners unchanged at $40.50. The most significant updates were around capital allocation as Cheniere should have over $9 billion in available cash in the next five years.ÂOur major incremental tak...
Cheniere Energy is an energy company engaged in liquefied natural gas (LNG)-related businesses. The company is focusing its development in the following LNG terminal projects, which is under construction: the Sabine Pass LNG terminal located in Cameron Parish, LA; and the Corpus Christi LNG terminal near Corpus Christi, TX. The company's subsidiary, Cheniere Energy Partners, L.P. is developing, constructing and operating natural gas liquefaction facilities at the Sabine Pass LNG terminal. The company is developing and constructing a natural gas liquefaction and export facility at the Corpus Christi LNG terminal and operates a natural gas supply pipeline. The company is also in various stages of developing other projects.
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