Cheniere Energy (LNG) sees a surge to $11.11 per share beginning about thirty-five minutes ago. Shares of the Houston-based natural gas company are now up $2.25 to $9.94 on news the DOE has approved and authorized the export of natural gas as LNG to any country that has the capacity to import LNG. Options volume is picking up in Cheniere as well. 22,000 calls and 2,505 puts so far. The expiring May 10 calls are the most actives. 3,330 traded. May 9, May 11, Jun 9, Jun 11, Dec 10 and Dec 15 calls are seeing interest as well. CQP also higher on the news. Interestingly, LNG Sep 12 calls saw large purchases in mid-April. The action was noteworthy because the contract was 54.8 percent out-of-the-money and trading at 80 cents (see 4/14 color). It’s now bid at $1.10.