(Bloomberg) — Cheniere Energy Inc. plans to start exporting liquefied natural gas in August from a second plant at its Sabine Pass terminal in Louisiana.
That’s the expected timeframe based on the current progress being made at the facility, a company filing with the Federal Energy Regulatory Commission in May showed.
Cheniere became the first exporter of U.S. shale gas in February with the start of shipments from the first unit at Sabine Pass. Suppliers of the super-chilled fuel are facing stiff headwinds, as top-consuming Asian countries pull back on demand just as Australia, a major producer, boosts production.
“Actual project progress supports the achievement of substantial completion for Trains 1 and 2 by late May 2016 and September 2016, respectively," the company said in the filing.
Bloomberg News by Jonathan N. Crawford