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Cheniere set to export LNG from second Sabine Pass plant in August

May 25, 2016 11:39 AM ETCheniere Energy, Inc. (LNG) StockLNGBy: Carl Surran, SA News Editor7 Comments
  • Cheniere Energy (LNG +1.9%) plans to begin exporting liquefied natural gas from a second plant at its Sabine Pass terminal in Louisiana in August, based on the current progress being made at the facility.
  • "Actual project progress supports the achievement of substantial completion for Trains 1 and 2 by late May 2016 and September 2016, respectively. Trains 3 and 4 targeted substantial completion dates are April 2017 and August 2017, respectively," according to a new FERC filing.
  • Cheniere became the first exporter of U.S. shale gas in February with the start of shipments from the first unit at Sabine Pass.

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