Houston-based Cheniere Energy Inc. reported Friday that construction is ahead of schedule on the first two units of its Sabine Pass liquefied natural gas facility, with around 26 percent of the work complete as of March 31.
The Cameron Parish facility’s first two production units are expected to begin producing LNG in late 2015, the company said Friday. The update was part of the company’s first-quarter earnings report.
Meanwhile, two additional units have received all of the necessary Federal Energy Regulatory Commission and U.S. Department of Energy approvals, according to Cheniere. The company is in the process of securing the financing to build those units.
The company borrowed $5.9 billion to build the first two units.