Thursday, October 27, 2011

Cheniere Inks Deal with BG for LNG

BG Group of the United Kingdom (and partner with Exco Resources in the Haynesville Shale) signed an LNG export deal with Cheniere Energy to purchase 170.5 Bcf per year of LNG over 20 years, or about half a Bcf per day.  This is the first export deal signed with Cheniere and the first of its kind in the Gulf Coast region.  If all goes as planned, Cheniere's Sabine Pass facility can be exporting natural gas by 2015.

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