01222018Mon
Last updateFri, 19 Jan 2018 7pm

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Cheniere Energy Readying Next Round of LNG Projects

“Cheniere’s looking to build more LNG plants even as supplies from the U.S. to Australia are flooding the global market, expanding a glut of the fuel and prompting investors to back new export facilities at the slowest pace since 1999. But a second round of projects is emerging on speculation that the slowdown will lead to a post-2020 construction boom that’ll benefit low-cost producers offering flexible contracts,” Bloomberg reports.

CEO Jack Fusco “said the company is open to building LNG plants smaller than the ones operating at Sabine Pass, which can each produce 4.5 million tons of the fuel a year.” 

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