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.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)