Cheniere Energy and Louisiana’s Bobby Jindal jointly announce the building of a $6 billion liquification plant to export gas from the Sabine Pass LNG import facility that is currently running. Exporting natural gas will likely support gas prices at higher levels and increase the need for drilling in many of the shale gas plays. By shear proximity, the Barnett Shale, Eagle Ford Shale, Fayetteville Shale and Haynesville Shale all stand to benefit the most.
“Three years after operations began at Cheniere’s Sabine Pass LNG facility they are set to expand and construct one of the first natural gas liquefication facilities in North America. On hand to make the announcement was Cheniere Chairman & CEO Charif Souki and Governor Bobby Jindal.”" ‘We are here to continue to develop the opportunities here in Louisiana. We think Louisiana has an amazing opportunity to be the gateway to take American energy because we have enough for us and other people,’ said Souki.”
” ‘Once liquification is taking place and the plant expansion is operational Cheniere will be able to export to ships and import as well. Bottom line we will have one of the first bi-directional facilities right here in Louisiana,’ said Gov. Jindal. ‘I want to thank Cheniere because they could have invested these dollars in any other state. They didn’t have to be here in Louisiana. This is an incredible vote of confidence in the state and their company’s future to be investing $6,000,000,000.’ “
Read the full news release at KPLCtv.com