Monday, April 16, 2012

Cheniere Gets FERC Approval For Sabine Pass Export Facility

Big news on the bayou:  Cheniere Energy today received authorization from the Federal Energy Regulatory Commission (FERC) to build up to four modular LNG trains to facilitate the export of natural gas from its Sabine Pass terminal in Cameron Parish, LA.  Now the company needs to wrap up its financing, which should be in the bag, and proceed with construction of the facility.

What a long, strange road it's been for Cheniere.  Now another "sure thing" multi-billion dollar project to build.  I don't expect the natural gas market to flip on its head again before completion (although now I've jinxed it...).

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