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Contract signed for 2 LNG export units

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BATON ROUGE, La. (AP) — A Cheniere Energy Partners LP subsidiary and Bechtel Oil, Gas and Chemicals Inc. have entered into a $3.8 billion contract for the engineering, procurement and construction of the third and fourth natural gas liquefaction units at the Sabine Pass LNG export terminal in Cameron Parish.

Sabine Pass Liquefaction LLC says it intends to give Bechtel a notice to proceed with construction after getting acceptable financing and making a final investment decision. Construction of the two units is expected to begin in the first half of 2013.

Bechtel started construction of the first two liquefaction units in August. Capacity for each unit will be about 4.5 million tons per year.

The units are being built next to existing facilities at the terminal.

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Information from: The Advocate, http://theadvocate.com

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