Cheniere acquires option for LNG terminal site at Sabine Pass, Tex.

By the OGJ Online Staff

HOUSTON, Dec. 6 -- Cheniere Energy Inc., Houston, has acquired an option to buy a site near Sabine Pass, Tex., to build a liquefied natural gas receiving terminal.

Cheniere previously acquired options for sites at Freeport and Brownsville, Tex. It announced the intent to acquire three such options earlier this year (OGJ Online, June 12, 2001).

Charles Reimer, Cheniere president and CEO, said, "All the work we have done continues to support our conclusion that Texas is well situated to develop LNG receiving terminals because of its extensive infrastructure for transportation and the large industrial demand in the state. We have been in contact with several users of gas and potential LNG suppliers and have signed memoranda of understanding for the offtake of 350 MMcfd from our Freeport location. We believe that LNG will become a critical component of supply of gas within the current decade."

Cheniere has begun permitting and engineering work at its Freeport, Tex., site, and added 100 MMcfd of capacity to that location.

Cheniere explores for oil and gas in the Gulf of Mexico.

Related Articles

Increased gas production from shale rewires global supply grid

10/01/2013 DENVER, Colo.—"Unconventional gas is changing the dynamic within the global gas trade network," Elizabeth Spomer, senior vice-president, ...

DOE approves Dominion Cove Point LNG exports to non-FTA countries

09/23/2013 The US Department of Energy approved Dominion Cove Point LP's application to export LNG from its terminal in Calvert County, Md., to countries that...

Demand and prices fall

12/29/2008 Even as a winter storm dumped snow and ice on the US Midwest and East Coast during Christmas week, markets remained unconvinced OPEC can cut produc...

MARKET WATCH: Energy demand, prices both plummet

12/23/2008 The front-month February contract for benchmark US crudes fell 6% to less than $40/bbl Dec. 22 amid market fears OPEC cannot cut production fast en...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!


Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected