Cheniere Energy Inc (LNG)

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Cheniere gets FERC clearance for Corpus Christi gas export plant
Jan 2 2015, 12:42 ET |

FERC regulators earlier this week approved Cheniere Energy (LNG +1.2%) for construction of its proposed liquefied natural gas plant in Corpus Christi, Tex., the second such facility the company has been approved to build.

LNG is now poised to become the biggest beneficiary of last year's Energy Department decision to change the way the government reviews proposed gas exports, jumping ahead of dozens of other applicants for export licenses.

LNG already has secured financing commitments for the project, and FERC clearance "is the major regulatory approval from a difficulty standpoint... It's going to be relatively easy for the DoE to approve," according to Westlake Securities' Chris McDougall.

The Corpus Christi terminal would have the capability to liquefy and ship as much as 15M metric tons/year of gas.


seekingalpha.com/news/2203145-cheniere-gets-ferc-clearance-for-corpus-christi-gas-export-plant