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Cheniere Clears Hurdles for Sabine Pass, Corpus Christi Projects, Banks on Better LNG Market
Industry Segment: Production | Word Count: 880 Words
SUGAR LAND--August 12, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--A global overabundance of liquefied natural gas (LNG) is diminishing prices and proving tricky for Cheniere Energy (NYSE:LNG) (Houston, Texas), which began exporting the product earlier this year. Although the company lost just shy of $300 million in the second quarter of 2016, compared with a loss of about $118 million in the same period last year, executives expressed optimism in a quarterly earnings call that demand for LNG would strengthen in coming years and the company's long-term agreements with customers will begin to pay off in spades. Industrial Info's project database is tracking $36.8 billion in active Cheniere projects, all but $1 billion of which are located at the Sabine Pass and Corpus Christi facilities.
Within this article: Details on the numerous production-train projects at the Sabine Pass and Corpus Christi facilities, some of which already are producing and exporting LNG.
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