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Cheniere Energy Partners LP Holdings, LLC
Fri September 30, 2016 8:00 AM|PR Newswire | About: LNG


HOUSTON, Sept. 30, 2016 /PRNewswire/ --

Cheniere Energy, Inc. ("Cheniere") (NYSE MKT: LNG) announced today that it has submitted a proposal to the board of directors of Cheniere Energy Partners LP Holdings, LLC ("Cheniere Partners Holdings") (NYSE MKT: CQH) to acquire the publicly held shares of Cheniere Partners Holdings not already owned by Cheniere in a stock for stock exchange. Subject to negotiation and execution of a definitive agreement, Cheniere is proposing consideration of 0.5049 Cheniere shares for each outstanding publicly-held share of Cheniere Partners Holdings as part of a transaction that would be structured as a merger of Cheniere Partners Holdings with a wholly-owned subsidiary of Cheniere. The proposed consideration represents a value of $21.90 per common share of Cheniere Partners Holdings, or a premium of approximately 3.0% over the closing price of Cheniere Partners Holdings' shares, based on the closing prices of Cheniere Partners Holdings' shares and of Cheniere's shares as of September 29, 2016, or a premium of approximately 7.0% over the 30-trading day average CQH / LNG exchange ratio as of September 29, 2016.

"We believe the proposed transaction is attractive to investors in Cheniere Partners Holdings who, as new LNG shareholders, would have the opportunity to participate in the future success of the entire Cheniere complex," said Jack A. Fusco, President and Chief Executive Officer of Cheniere. "In addition, shareholders of Cheniere Partners Holdings would receive an attractive premium over its recent trading levels and a significant increase in the trading liquidity of their investment."

The proposed transaction is subject to the negotiation and execution of a definitive agreement and approval of such definitive agreement and transactions contemplated thereunder by the board of directors of Cheniere, the board of directors of Cheniere Partners Holdings and a conflicts committee established by the board of directors of Cheniere Partners Holdings, and the consummation of the proposed transaction would be subject to customary closing conditions. There can be no assurance that any such approvals will be forthcoming, that a definitive agreement will be executed or that any transaction will be consummated.
Antwort auf Beitrag Nr.: 53.388.759 von R-BgO am 01.10.16 10:25:05Kommando zurück:


Cheniere cancels deal to buy Cheniere Energy Partners


Houston-based LNG export player, Cheniere Energy said it has terminated the previously announced deal to buy Cheniere Energy Partners.

Cheniere, which already holds an 80.1% stake in Cheniere Energy Partners, offered 0.5049 Cheniere shares for each share of Cheniere Energy Partners, representing a value of $21.90 per share of Cheniere Energy Partners, or a 3% premium as of September 29, 2016.

The proposed transaction was a subject to negotiation and execution of a definitive agreement and approval by the boards of Cheniere Energy, Cheniere Partners and the conflicts committee established by Cheniere Partners.

After more than 6 weeks of negotiations, and despite raising the offer to 0.54 shares for each share of Cheniere Energy Partners, Cheniere “has determined that no acceptable definitive agreement can be reached with the conflicts committee at this time,” it said in a statement.

Cheniere added that in the future it may purchase additional shares of Cheniere Partners in the open market or in privately negotiated transactions.
Report: Asia becoming largest importer of U.S. LNG

Cheniere’s Sabine Pass LNG terminal in Louisiana shipped nine liquefied natural gas cargoes to Asian countries during December.

The facility shipped a total of 12 cargoes during the last month of 2016, Bloomberg reports, noting that the rise in number of cargoes sent to Asia is a strong indication that the previous trend of sending cargoes to Latin America is changing.

The demand for US LNG in Asia stems from the cold winter temperatures pushing the demand for heating and power production up. Spot LNG prices have also gone up 79 percent since July, the report shows.

Cheniere started exports from the Sabine Pass liquefaction plant in February last year with the majority of cargoes landing in Latin America.

The U.S. is expected to become the world’s third-largest LNG supplier by 2020 with an export capacity of 60 million mt coming from five export terminals.
Monthly LNG exports hit record high

Natural gas pipeline flows to the Cheniere’s Sabine Pass liquefaction terminal averaged 1.6 Bcf/d for the report week, 1% higher than flows last week, EIA said.

“Three vessels (combined LNG-carrying capacity of 10.5 Bcf) departed Sabine Pass last week, and one vessel (3.8 Bcf) is currently loading at the terminal.”

The Sabine Pass plant in Louisiana exported twelve LNG cargoes in December, setting a new record for U.S. monthly exports, EIA confirmed last week’s report by Bloomberg.

Previously, Sabine Pass monthly exports were the highest in November, with ten cargoes leaving the facility.

However, EIA said that eight LNG cargoes were shipped in December from Sabine Pass to Asia, not ten as the report said.

Cold winter temperatures and increasing spot LNG prices in the region supported demand for additional LNG imports, the agency noted in the report.

Cheniere started exports from the Sabine Pass liquefaction plant, currently the only such facility to ship U.S. shale gas overseas, in February last year with the majority of cargoes landing in Latin America.

The U.S. is expected to become the world’s third-largest LNG supplier by 2020 with an export capacity of 60 million mt coming from five export terminals.
so ist das halt mit Langfristverträgen:

http://www.business-standard.com/article/economy-policy/lng-…

US may impact Trump's export aims
Trump said the United States looked forward to exporting more energy

Reuters
June 30, 2017 Last Updated at 13:57 IST


India's biggest importer of US liquefied natural gas (LNG) is trying to re-negotiate prices with the US seller, sources said, undermining plans by US President Donald Trump to export more gas to the fast-growing Asian nation.

...

But any new LNG agreements with India will depend on how GAIL (GAIL.NS) and Cheniere (LNG.A) of the United States deal with a long-term supply contract signed in 2011 for an estimated $22 billion.

India's GAIL has deals to buy 5.8 million tonnes of US LNG per annum for 20 years, mostly with Cheniere, but is now asking to re-negotiate the price. A commissioning cargo was sent last year, but supplies in earnest will only likely start in 2018.

Two sources at state-run GAIL said they were trying to re-negotiate the contract.

"At current US prices, the landed cost of the LNG (in India) is not very attractive," said one of the sources on condition of anonymity, as he was not cleared to speak to media. Neither source gave any details on what price GAIL was seeking.

"We are trying a mix of options on pricing, and re-negotiating is one of them," the source said. "My perception is that the talks with Cheniere in this regard are not very likely to succeed."

Officially, GAIL has declined comment on the row.

Cheniere, currently the only US company exporting LNG, said it was not open to a lower price.

"Our customers expect us to deliver on our commitments, and we expect the same. This is a signed long-term contract that we believe will provide long-term value and we expect the contract to be adhered to," said Eben Burnham-Snyder, a spokesman at Cheniere.

The contract price is calculated on a formula based on US spot prices for natural gas, and currently costs India $8.50 per million British thermal units (mmBtu).

Traders said that Cheniere would struggle to send cargoes at a lower price.


Gail Under Pressure

Asian spot LNG prices, which exclude all extra costs like shipping, have fallen by more than 40 percent this year to $5.40 per mmBtu amid ballooning oversupply as production from Australia and the United States rises.

R.K. Garg, head of finance at Petronet LNG (PLNG.NS), India's biggest gas importer, told Reuters that at current oil prices, long-term gas contracts were being offered at $6-7 per mmBtu.

Mangesh Patankar, head of business development at energy consultancy Galway Group, said that GAIL was trying for lower prices because the company was struggling to sell contracted US LNG on to end-users in India, who are demanding cheaper gas from GAIL themselves.

"A lot of the (LNG) buyers are doing that right now. With the ramp up in Australia and US volumes, and demand being not that active in the end-user market, a lot of the buyers have had to do that," he said.

Other LNG buyers, including top importer Japan, are also pressing for better terms.

...


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