Freeport LNG Receives FERC Okay to Begin Construction

Sabine Pass LNG Plant
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Cheniere Energy reports that Freeport LNG L.P. has received regulatory clearance to commence construction of its 1.5 Billion cubic feet per day (Bcf/d) liquefied natural gas receiving terminal and associated pipeline. The authorization granted by the Federal Energy Regulatory Commission is pursuant to and in accordance with Ordering Paragraph A and Environmental Mitigation Measures 1 of the Commission's Order granted June 18, 2004.

Cheniere Energy Inc. is a Houston-based developer of LNG receiving terminals and a Gulf of Mexico E&P company. Cheniere is developing Gulf Coast LNG receiving terminals near Sabine Pass in Cameron Parish, La., in which it holds a 100% ownership interest; near Corpus Christi, Texas, in which it holds a 66.7% ownership interest; and near the Creole Trail in Cameron Parish, La., in which it holds a 100% ownership interest. Cheniere is also a 30% limited partner in Freeport LNG Development, L.P., which is developing an LNG receiving terminal in Freeport, Texas. Cheniere conducts exploration for oil and gas in the Gulf of Mexico using a regional database of 7,000 square miles of PSTM 3D seismic data. Cheniere owns 9% of Gryphon Exploration Company, along with Warburg, Pincus Equity Partners, L.P. which owns 91%.

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