US LNG owner narrows losses

Written by  John McKay
Friday, 31 October 2014
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Oct 31 (LNGJ) - Cheniere Energy, the developer of the Sabine Pass LNG export plant in Louisiana and the Corpus Christi facility in Texas, narrowed its losses in the third quarter. The Houston-based company reported a net loss attributable to stockholders of $89.6 million compared with a loss in the year-ago period of $100.8M. Just over a year before the start-up of the Sabine Pass plant Cheniere said it signed two agreements for its marketing arm to itself buy any LNG in excess of that required by customers at both the Gulf Coast export plants.

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