Cheniere loss widens on costs hike

The Houston-based company posted a net lossof $258.12 million as against a loss of $175.43 million in 2012.

Revenues were slightly ahead at $268.19million as compared with $264.5 million.

However, total operating costs rocketed from$225.26 million to $300.88 million, in large part due to the purchase of LNG tomaintain cryogenic readiness of the regasification facilities at its SabinePass LNG terminal.

There were also increased LNG repair andmaintenance costs and fuel expenses at Sabine Pass, while Cheniere also had tocarry increased costs to manage construction of trains one through four at theplant.