Cheniere Energy Gets FERC Approval for Sabine Pass LNG Terminal
Cheniere Energy reports that its wholly-owned limited partnership, Sabine Pass LNG, L.P. (Sabine), has received regulatory clearance to commence construction of its 2.6 billion cubic feet per day liquefied natural gas receiving terminal in Cameron Parish, La. The authorization granted by the Federal Energy Regulatory Commission (FERC) is pursuant to and in accordance with the FERC's Dec. 21, 2004 Order Granting Authority under Section 3 of the Natural Gas Act and Issuing Certificates.
Under Sabine's EPC agreement with Bechtel Corporation announced in
December of 2004, Sabine gave Bechtel Limited Notice to Proceed for
off-site engineering and preparatory work which commenced earlier this
year. With issuance of this FERC authorization, crews will now move on
to the site to begin construction. The Sabine Pass LNG receiving
terminal is anticipated to commence operations in 2008.
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