SOURCE: Industrial Info Resources

Industrial Info Resources

August 12, 2016 07:30 ET

Cheniere Clears Hurdles for Sabine Pass, Corpus Christi Projects, Banks on Better LNG Market, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Aug 12, 2016) - Researched by Industrial Info Resources (Sugar Land, Texas) -- A global overabundance of liquefied natural gas (LNG) is diminishing prices and proving tricky for Cheniere Energy (NYSE:LNG) (Houston, Texas), which began exporting the product earlier this year. Although the company lost just shy of $300 million in the second quarter of 2016, compared with a loss of about $118 million in the same period last year, executives expressed optimism in a quarterly earnings call that demand for LNG would strengthen in coming years and the company's long-term agreements with customers will begin to pay off in spades. Industrial Info's project database is tracking $36.8 billion in active Cheniere projects, all but $1 billion of which are located at the Sabine Pass and Corpus Christi facilities in Texas.

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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

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