Houston-based Cheniere Energy Inc. lost $56.4 million, or 43 cents per share, for the quarter ended March 31, compared with a net loss of $39.8 million, or 60 per share a year earlier.
The company’s results included $21.8 million, or 17 cents per share, in expenses to develop a liquefied natural gas terminal in Cameron Parish and a pipeline. A year earlier, the expenses related to the Sabine Pass Liquefaction Project were $8.4 million, or 13 cents per share.
Last month, the Federal Energy Regulatory Commission approved the construction of the Sabine Pass facility. Sabine Pass was the first LNG export terminal to win federal approval.
Cheniere said it expects to begin LNG exports in early 2015.