U.S. Announces Pause on Approval for LNG Exports, Congress Sells Stock

In a recent announcement by United States Congress, the U.S. will be pausing its approval of liquified natural gas ("LNG") to select countries.

U.S. Pauses Liquified Natural Gas Export Approval

Recently, Republican representative, Maria Salazar, sold up to $100k of holdings in LNG company, Cheniere Energy ($LNG).

Cheniere Energy, Inc. is an established player in the energy infrastructure sector, primarily focusing on liquefied natural gas (LNG) related businesses. The company operates two significant LNG terminals: the Sabine Pass LNG terminal in Louisiana and the Corpus Christi LNG terminal near Corpus Christi, Texas.

More Information About Cheniere Energy

In recent times, Cheniere Energy has been actively engaged in various contracts and agreements to bolster its business operations. This includes signing a long-term sale and purchase agreement with OMV for the supply of LNG and a gas supply agreement with ARC Resources U.S. Corp.

These strategic moves are part of Cheniere's broader efforts to expand its market reach and strengthen its position in the LNG and natural gas sectors. The company's active involvement in these areas underlines its commitment to growing its business footprint and responding to the dynamic needs of the energy market​.