AETUF - Cheniere Energy wins long-term LNG deal with Canada's ARC Resources

Cheniere Energy (NYSE:LNG) said Wednesday it signed a 15-year supply deal with a U.S. subsidiary of Canada's ARC Resources (OTCPK:AETUF), agreeing to purchase 140K MMBtu/day of liquefied natural gas for its Corpus Christi Stage 3 project. The agreement is subject to Cheniere (LNG) reaching a final investment deicision on Corpus Christi Stage 3, and would take effect after the start of commercial operations on the project's Train 7. Corpus Christi Stage 3 is being developed to include up to seven midscale liquefaction trains with total expected nominal production capacity of more than 10M metric tons/year. Cheniere Energy (LNG) reported a surprise Q1 net loss of $3.41/share, as it took a $3.5B charge on LNG price-related derivative losses; LNG revenue more than doubled Y/Y to $7.34B. The company raised its full-year adjusted core earnings guidance to $8.2B-$8.7B from a previous forecast of $7B-$7.5B, helped by the ramp-up of a new train

For further details see:

Cheniere Energy wins long-term LNG deal with Canada's ARC Resources