Cheniere’s Cost Estimates for Sabine Pass LNG Liquefaction Project Up 39%

BusinessWeek reports that a company statement issued yesterday by Cheniere Energy Inc. suggests that costs for the Sabine Pass LNG liquefaction project will be higher than the estimate contained in its August 5, 2011 quarterly report. According to the news report, yesterday’s cost estimate would equate to $555 per ton of LNG liquefaction capacity, some 39% higher than the $400 per ton estimate offered in August.

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