Cheniere: LNG facility ahead of schedule

05 06, 2013 by Associated Press

Cheniere Energy Inc. says construction is ahead of schedule on the first two units of its Sabine Pass liquefied natural gas facility, with around 26 percent of the work complete as of March 31.

The company told The Advocate the Cameron Parish facility’s first two production units are expected to begin producing LNG in late 2015.

Meanwhile, two additional units have received all of the necessary Federal Energy Regulatory Commission and U.S. Department of Energy approvals. The company is in the process of securing the financing to build those units.

The company borrowed $5.9 billion to build the first two units.