Cheniere Energy’s LNG Construction Cost Estimate Jumps 39%
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Cheniere Energy Inc., the liquefied natural-gas importer that Standard & Poor’s said is on the verge of default, boosted its cost estimate for a proposed U.S. gas-export terminal by 39 percent.
The first phase of Cheniere’s planned Louisiana plant will cost $4.5 billion to $5 billion for 9 million tons of annual processing capacity, the Houston-based company said today in a statement. That equates to $555 per ton of capacity, compared with Cheniere’s $400-per-ton estimate in an Aug. 5 public filing.