Cheniere Reports More Progress, Though Losses Continue to Mount

摘要

US LNG pioneer Cheniere Energy is still losing money, though its profit-making days may have gotten closer with the second quarter completion of Sabine Pass liquefaction Train 1. "The second quarter of 2016 saw Cheniere's continued transition from a development company into an operating one," said Jack Fus-co, who came aboard as Cheniere's president and chief executive in May. "During the quarter, we took over care, custody, and control of Train 1 of the Sabine Pass Liquefaction Project and commenced commercial sales of LNG.(NGWMayl6' 16)"