Houston-based Cheniere Energy Inc. (NYSE MKT: LNG) has officially flipped the switch at its liquified natural gas export terminal in Louisiana, bringing production online to fill its first LNG export cargo set for January 2016.
Production began at Cheniere's long-anticipated liquefaction facility at Sabine Pass on Dec. 30, confirmed Richard Ennis, managing director and head of natural resources at New York-based ING Capital LLC, which provided financing for the project.
LNG exports should increase demand for natural gas by 8-10 bcf per day by 2020.
LNG Exports
LNG Exports
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group