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Cheniere Energy pops as FERC denies Sabine Pass challenge

Jun. 23, 2015 1:04 PM ETCheniere Energy, Inc. (LNG) StockLNGBy: Carl Surran, SA News Editor9 Comments
  • Cheniere Energy (LNG +2.6%) spikes higher on news that the FERC declined a request by the Sierra Club for a rehearing related to approval of the company's expansion project at the Sabine Pass LNG terminal.
  • LNG has been prepared to start construction on the Sabine Pass expansion, but work had been held up due to challenges from environmental groups; FERC had cleared the project in April but was held up by the Sierra Club objection.
  • LNG was expected to win the case, as it saw a similar challenge to its Corpus Christi export terminal.

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