USA: Societe Generale Says Cheniere Can Make Sabine Pass Export Decision After Fenosa Deal
Societe Generale today said that Cheniere Energy can take a final investment decision on phase 1 of its Sabine Pass LNG export project after it has yesterday signed a supply deal with Gas Natural Fenosa, Bloomberg reported.
“This latest deal should allow construction of the liquefaction facilities, two trains capable of producing up to 9 million tons a year, at Sabine Pass to commence in 2012”, Societe Generale said in a report.
Gas Natural Fenosa has yesterday agreed to buy 3.5 million tonnes per annum (mtpa) of LNG from Cheniere Energy. The first LNG deliveries are expected to commence in 2016.
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Posted on November 22, 2011, in AMERICAS, LNG, Sabine Pass and tagged Bechtel, Cheniere, Cheniere Energy, deal, Decision, Export, Fenosa, Gas Natural, Liquefied natural gas, LNG, News, Pass, Sabine, Sabine Pass, Sabine Pass LNG, says, Societe Generale. Bookmark the permalink. Comments Off.