Cheniere Energy Inc. wants investors to know that it intends to be a major player in the liquefied natural gas (LNG) business. The next best thing to changing its name to LNG is changing its stock ticker symbol. Effective next Monday (March 24), its symbol on the American Stock Exchange will change to LNG from CXY.

The company has four potential sites for liquefied natural gas (LNG) import terminals along the Texas Gulf Coast and sees LNG as its strategic focus in the future because of declining domestic natural gas supply.

“We have established a strong exploration and production foundation for Cheniere with growing natural gas reserves, cash flow and inventory of prospects that together become more valuable daily as our nation’s natural gas markets hover on almost historically low inventories. However, domestic exploration is no longer sufficient to assure meeting the growth in demand for natural gas, and our country will increasingly rely on imports in the form of LNG,” said Cheniere Energy Chairman Charif Souki said. “This symbol will reflect our new area of focus.”

Houston-based Cheniere conducts exploration in the Gulf using a regional database of 7,000 square miles of 3D seismic coverage. It owns 9% of Gryphon Exploration.

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