Cheniere Energy approved for Sabine Pass expansion - KPLC 7 News, Lake Charles, Louisiana

Cheniere Energy approved for Sabine Pass expansion

(Source: Cheniere) (Source: Cheniere)

Cheniere Energy Partners, L.P. announced that it has received authorization from the government to expand the Sabine Pass facilities and operations.

According to the Associated Press Cheniere Energy Inc. says regulators have cleared the construction of the Sabine Pass LNG terminal in Cameron Parish, La. The facility, which will chill natural gas into a liquid that can be shipped on tankers, will allow U.S.-based producers to export natural gas to overseas markets for higher profits.

"Obtaining approval from the FERC (Federal Energy Regulatory Commission) is one more milestone for our Liquefaction Project," Chairman and CEO Charif Souki said. "We will now finalize the financing arrangements in order to commence construction of the first two LNG trains of our Liquefaction Project promptly."

Congressman Jeff Landry commended the Sabine Pass approval by saying the expansion will help create thousands of jobs in Southwest Louisiana.

"This wonderful project will help American producers be competitive in energy's global market and provide low-cost, domestically produced energy," Landry said.

Congressman Charles Boustany also praised the approval saying the first LNG export terminal in the entire country will call Louisiana home.

"I am proud Sabine Pass' existing LNG terminal in Cameron Parish was chosen as the site to locate these facilities where tens of thousands of jobs, ranging from multi-year construction jobs to natural gas production jobs, will be created. The expansion represents billions of dollars of investment in our nation's energy infrastructure," Boustany said.

To view Cheniere's News Release [CLICK HERE].

To view Senator Mary Landrieu's press release urging the FERC to complete the assessment of the Sabine Pass [CLICK HERE].

Copyright 2012 KPLC. All rights reserved.

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