Cheniere Begins Production At Terminal To Export Natural Gas; Company Receiving 50 Million Cubic Feet Of Fuel Per Day

Shares of Cheniere Energy, Inc. (NYSE: LNG) were trading higher by 1.26 percent Thursday morning after Bloomberg reported the company began production at what will become the first U.S. terminal to export natural gas from shale formations.

According to Bloomberg, Cheniere Energy is receiving about 50 million cubic feet of natural gas a day. The company is chilling the natural gas into liquefied natural gas, and then storing it in tanks.

Cheniere noted that the first cargo ship will leave its complex in January by tanker and BG Group is contracted to receive the first shipment.

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