Cheniere Energy Announces FERC Filing For Freeport LNG Terminal.Energy Editors/Business Editors HOUSTON--(BUSINESS WIRE)--March 31, 2003 Cheniere Energy Inc. (AMEX AMEX See: American Stock Exchange :LNG LNG (liquefied natural gas): see under natural gas. ) announced today that Freeport LNG Development, L.P. (Freeport LNG), has submitted a filing to the Federal Energy Regulatory Commission The Federal Energy Regulatory Commission (FERC) is the United States federal agency with jurisdiction over electricity sales, wholesale electric rates, hydroelectric licensing, natural gas pricing, and oil pipeline rates. (FERC FERC Federal Energy Regulatory Commission FERC FEMA Emergency Response Capability ) for the construction of an LNG receiving terminal at Freeport, Texas. Cheniere holds a 30% limited partnership interest in Freeport LNG. Charif Souki, Cheniere's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , said, "This is a significant step in Cheniere's LNG receiving terminal initiative. Submitting the filing with FERC is the culmination of many months of hard work. In pre-filing discussions with FERC and in recent public announcements, FERC has demonstrated its desire to see projects like the Freeport terminal be a part of the solution to supplying the long-term energy needs of our country." In addition to its interest in the Freeport project, Cheniere has also secured options on three other sites for LNG receiving terminals in Sabine Pass, La., Corpus Christi, Texas Corpus Christi is a coastal city and the county seat of Nueces CountyGR6 in the U.S. state of Texas. It is part of the region known as South Texas. and Brownsville, Texas. Cheniere Energy is a Houston-based energy company. Cheniere conducts exploration in the Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east using a regional database of 7,000 square miles of 3D seismic coverage. It owns 9% of Gryphon Exploration Company, with Warburg, Pincus Equity Partners, L.P. owning the other 91%. Cheniere is developing four sites for LNG receiving facilities along the Texas Gulf Coast. Additional information on Cheniere Energy Inc. may be found on the company's Web site at www.cheniere.com, by contacting the company's Investor and Media relations department toll-free at 888/948-2036 or by writing to: LNG@MDCGroup.com Except for the historical statements contained herein, this news release presents forward-looking statements that involve risks and uncertainties. Although the company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. Certain risks and uncertainties inherent in the company's business are set forth in the company's periodic reports that are filed with and available from the Securities and Exchange Commission. |
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