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

December 31, 2015 10:06 AM | 1 min read | Make a Comment

Shares of

Cheniere Energy, Inc.LNG

were trading higher by 1.26 percent Thursday morning after

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.

Image Credit: Public Domain

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