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Cheniere Q1-2014 Loss Narrows On Lower Expenses

|Includes: Cheniere Energy, Inc. (LNG)

Cheniere Energy reported Q1-2014 net loss of $97.8 million, narrowing from a net loss $117.1 million in Q1-2013. The $19.3 million decrease in net loss was primarily a result of decreased G&A expenses and decreased LNG terminal development expenses.

The company also posted Q1-2014 revenue of $67.5 million, up 2% YoY.

Sabine Pass Liquefaction Project status

· Received FERC and DOE approvals for first four trains

· Project for Trains 1 and 2 is 63% complete; Train 1 to produce LNG in 2015

· Construction on Trains 3 and 4 is 27% complete; Trains 3 and 4 to come online in late 2016 and 2017, respectively

· Progressing on Trains 5 and 6 developments; received DOE authorizations to export 503 Bcf of LNG volumes from Trains 5 and 6 to FTA countries; Non-FTA authorization is pending

Corpus Christi Liquefaction Project status

· Received authorization from the DOE to export up to 2 Bcf/d

· Authorization to export LNG to non-FTA countries pending

In Aug-2013, Cheniere Energy Partners reported Q2-2013 revenue of $68 million, up 10% YoY.

In May-2013, Cheniere Energy reported a net loss of $42.5 million in Q1-2013, up 120% YoY.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.