Cheniere Energy’s top executive said Thursday that the company’s planned expansion of liquefied natural gas export terminals is on schedule, despite regulatory and permitting “uncertainty” after the Department of Energy’s pause on LNG approvals.
“The DOE action has not slowed down our expansion projects” at two existing facilities in Texas and Louisiana, Cheniere CEO Jack Fusco said during an earnings call with analysts and investors.
Fusco called it “appalling” that new scientific studies are needed to show the benefits of LNG, which he said are “proven.” Fusco also said he expects an analysis that DOE is conducting during its pause to show the benefits of gas exports and their “critical role” in the global energy market.
Cheniere is moving “full steam ahead” on its plans to add two liquefaction units, or trains, to the existing Corpus Christi export terminal in Texas and another two trains near the existing Sabine Pass export facility in Louisiana, according to Fusco.
