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What: Shares of Cheniere Energy (AMEX: LNG) rose 12% in early trading after the company announced a 20-year liquid natural gas, or LNG, agreement with Spain's Gas Natural Fenosa.

So what: Gas Natural has committed to buy 3.5 million tons of LNG per year. Sister company Cheniere Partners (NYSE: CQB), through a subsidiary, is in the process of developing a terminal capable of producing 9 million tons of LNG annually. Gas Natural is expected to begin taking deliveries in 2016.

Now what: The agreement follows a similar deal with BP Group, signed earlier this month. Will these arrangements supply enough capital to keep Cheniere from being crushed under the weight of billions in debt? I'm asking you. Would you buy shares of Cheniere Energy at current prices? Please weigh in using the comments box below.

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