Cheniere Energy reported a net loss of $135.2 million for the three months ended December 31, 2013, compared to a net loss of $94.3 million for the comparable 2012 period.
For the year ended December 31, 2013, Cheniere reported a net loss attributable to common stockholders of $507.9 million, compared to a net loss of $332.8 million during the corresponding period of 2012.
Liquefaction Projects Update
Sabine Pass Liquefaction Project
Through Cheniere Partners the company is developing up to six Trains, each with a nominal production capacity of approximately 4.5 mtpa, at the Sabine Pass LNG terminal adjacent to the existing regasification facilities. Cheniere has received Federal Energy Regulatory Commission (FERC) and Department of Energy (DOE) approvals for Trains 1 through 4, and the company has filed all required regulatory applications with the FERC and DOE to develop Trains 5 and 6.
The Trains are in various stages of development.
Corpus Christi Liquefaction Project
The company continues to make progress on the commercialization and development of the Corpus Christi Liquefaction Project, which is being designed for up to three Trains with expected aggregate nominal production capacity of approximately 13.5 mtpa of LNG.
Cheniere will contemplate making a final investment decision to commence construction of the Corpus Christi Liquefaction Project based upon, among other things, entering into acceptable commercial arrangements, receiving all regulatory approvals and obtaining financing.
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LNG World News Staff, February 20, 2014; Image: Cheniere