Cheniere looks for Sabine export OK

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By News wires

 03 June 2009 20:05 GMT

Cheniere Energy expects to get final government approval to re-export liquefied natural gas from its Sabine Pass import terminal in Louisiana in the coming days, the company's boss said today.



Cheniere is awaiting approval from the US Department of Energy to re-export foreign-sourced gas from Sabine Pass, after receiving the green light from the federal energy regulator (FERC) on Friday.

"When we get DoE approval we will be in a position to look at exports [from Sabine]," Charif Souki, Cheniere's chief executive officer, told Reuters. "Hopefully we will get that in the next few days."

The aim is for Cheniere to buy and import cheaper LNG during the summer, to store and re-export when prices are higher, most likely in winter,…

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