DALLAS, May 23, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Cheniere Energy Inc. (NYSE Amex:LNG). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
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Cheniere Energy Inc. (LNG) is an energy company primarily engaged in liquefied natural gas (LNG)-related businesses. The Company owns and operates the Sabine Pass LNG receiving terminal in Louisiana through its 90.6% ownership interest in and management agreements with Cheniere Energy Partner L.P. (Cheniere Partners). It is also in various stages of developing other LNG receiving terminal and pipeline related projects. The Company operates in three segments: LNG terminal business; natural gas pipeline business, and LNG and natural gas marketing business.
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In the report, the analyst notes:
"LNG shares spiked on Friday after Cheniere Partners received approval from the Department of Energy to export U.S. natural gas to major importers overseas. LNG climbed as high as $11.11, a fresh 52-week high, following the news."
"Cheniere Partners stated in a release that the Energy Department will allow its Sabine Pass terminal in Louisiana to export as much as 803 billion cubic feet a year of U.S. gas."
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