NavigatIIR: Cheniere Brushes Off Higher Costs as More U.S. LNG Trains Wrap Up, Progress

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Researched by Industrial Info Resources (Sugar Land, Texas)--Market growth doesn't come cheap, as Cheniere Energy Incorporated (NYSE:LNG) (Houston, Texas) can testify following its first-quarter 2019 results: rising costs associated with more natural gas liquefaction trains coming online took a bite out of profits, as did higher maintenance-related costs. But executives are unfazed, noting that more trains are expected to come online within the year, ultimately boosting efficiency and productivity.

Industrial Info is tracking more than $30 billion in active projects involving Cheniere, including more than $11.7 billion worth under construction, including the Sabine Pass LNG Production facility in Louisiana; the Corpus Christi LNG Liquefaction facility in Texas; and the Midcontinent Supply Header Interstate Pipeline (MIDSHIP) in Oklahoma.

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