Cheniere Energy (NYSEMKT: CQP) is entering into a sale and purchase agreement with a subsidiary of Total (NYSE:TOT) for approximately 2 million tons per annum. Cheniere's Sabine Pass terminal can readily accommodate up to 4 LNG trains; this deal comprises roughly the amount left on Cheniere's train 5, which it plans to have by 2018. In this video, Motley Fool energy analyst Joel South breaks down the numbers for us and tells us what that means in terms of revenue.
The company makes a much-needed deal.
About the Author
Joel is a University of Washington graduate and covers energy and materials for The Motley Fool. Be sure to follow The Motley Fool's energy and materials Twitter for all your energy and materials coverage.
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