Cheniere starts producing at shale gas export terminal

Cheniere Energy Inc. has begun production at what will become one of the first terminals to export natural gas from America’s shale formations, according to Bloomberg, citing ING Capital LLC, which helped finance the project.

ING reports that Cheniere is receiving approximately 50 million cubic feet of the fuel a day, chilling it into liquefied natural gas (LNG) at the Sabine Pass terminal in Louisiana, and storing it in tanks before the first export.

Cheniere’s first cargo is scheduled to leave the complex in January by tanker. BG Group Plc is contracted to take the first shipment.

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