Cheniere (LNG) Shares Jump as Traders Could Be Reacting to News of 20-Year Supply Deal with India's State-Run Gas Network Operator
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Shares of Cheniere Energy (AMEX: LNG) are surging in afternoon trade, now up 9.6 percent to $8.88.
Reports from last night suggest the company signed a 20-year supply deal with the state-run gas network operator GAIL in India. Rumors of the contract say Cheniere will provide 1.5 billion cubic meters of regasified LNG starting in 2015.
Reports from last night suggest the company signed a 20-year supply deal with the state-run gas network operator GAIL in India. Rumors of the contract say Cheniere will provide 1.5 billion cubic meters of regasified LNG starting in 2015.
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