FOR IMMEDIATE RELEASE
6/04/10

Landrieu Welcomes Changes to Sabine Pass to Allow Exportation of Natural Gas

Project will add natural gas liquefaction services.


WASHINGTON — U.S. Senator Mary Landrieu, D-La., today welcomed Cheniere Energy Partners' decision to approve a project to add liquefaction services at the Sabine Pass liquefied natural gas (LNG) receiving terminal in Cameron Parish, Louisiana. Adding liquefaction capabilities would allow the Sabine Pass terminal to export natural gas.

"The United States is currently experiencing a natural gas revolution that will open up new markets here at home and abroad," said Sen. Landrieu. "In northwest Louisiana alone, the Haynesville Shale reserve has 251 trillion cubic feet of recoverable natural gas, almost 11 times the amount consumed by Americans last year. Accessing this growing supply of natural gas and building the means to deliver it to consumers will stabilize prices and allow the U.S. to become a major exporter of natural gas. This project by Cheniere Energy at Sabine Pass is a key piece of that puzzle. The result will be more jobs for Louisianians, a stronger economy and more secure energy future of America."

Cheniere would use its existing infrastructure, including five storage tanks and two berths at the Sabine Pass terminal, as well as Cheniere Energy Inc.'s 94-mile Creole Trail Pipeline, which would be reconfigured to allow the exportation of LNG. The 853-acre Sabine Pass site is strategically situated to provide export services given its large acreage position, proximity to unconventional gas plays in Louisiana and Texas, and its interconnections with multiple interstate and intrastate pipeline systems.

Assuming typical project development scenarios, Cheniere anticipates LNG export could commence as early as 2015.

To learn more about this project, please visit: http://phx.corporate-ir.net/phoenix.zhtml?c=101667&p=irol-newsA...

I'm just doing a flyby post, but thought ya'll might like to see this as it is good news.
Earlene still eating her donuts with coffee :-D