Summary
This 8-K filing from Cheniere Energy, Inc. (LNG), dated December 15, 2004, announces a significant regulatory milestone: the Federal Energy Regulatory Commission (FERC) has approved the construction of the company's Sabine Pass LNG Receiving Terminal in Cameron Parish, Louisiana. This approval, granted under Section 3 of the Natural Gas Act, is a critical step for the project, authorizing Cheniere's wholly owned subsidiary, Sabine Pass LNG, L.P., to site, construct, and operate the terminal. Furthermore, FERC concurrently approved the associated Cheniere Sabine Pass Pipeline Company project under Section 7 of the Natural Gas Act. While the approval is subject to specified conditions that Cheniere expects to satisfy, it paves the way for construction to commence in the first quarter of 2005. This development marks a major positive catalyst for Cheniere, advancing its strategic growth in the liquefied natural gas infrastructure sector.
Key Highlights
- 1FERC has approved the construction of Cheniere Energy's Sabine Pass LNG Receiving Terminal in Louisiana.
- 2The approval was granted on December 15, 2004, following a Commission meeting.
- 3The authorization under Section 3 of the Natural Gas Act allows for the siting, construction, and operation of the LNG terminal by Sabine Pass LNG, L.P.
- 4The associated Cheniere Sabine Pass Pipeline Company project also received concurrent approval from FERC under Section 7 of the Natural Gas Act.
- 5Construction of the Sabine Pass LNG terminal is planned to begin in the first quarter of 2005.
- 6The approval is subject to specified conditions that Cheniere expects to satisfy.
- 7This filing includes a press release dated December 15, 2004, as an exhibit detailing the FERC approval.