The parent company of Sabine Pass Liquefaction LLC and Sabine Pass LNG LP. lost $53.9 million, or 67 cents per share, during the third quarter, compared to $40.6 million, or 73 cents per share, a year ago.
Houston-based Cheniere Energy Inc. said its Louisiana subsidiaries have asked the Federal Energy Regulatory Commission for permission to build a liquefaction facility at the Cameron Parish liquefied natural gas terminal. The terminal can import LNG but in order to export the low-priced domestically produced natural gas, Cheniere and its subsidiaries must raise billions of dollars for a liquefaction facility.
Cheniere reported Monday it had made some progress toward that facility, including:
• U.S. Department of Energy authorization to export gas from the Sabine Pass terminal.
• Signing an agreement to sell 3.5 million tons of LNG per year to BG Gulf Coast LLC. The agreement is for 20 years, with an option to extend the contract by 10 years.
• Sold 3 million units and raised $60 million, which will go toward the liquefaction facility.