Cheniere Energy (LNG) and Cheniere Energy Partners, L.P. (CQP) Higher After FERC Approves the Sabine Pass Liquefaction Project

Cheniere Energy, Inc. (Amex: LNG) and Cheniere Energy Partners, L.P. (Amex: CQP) are trading higher early Tuesday after the companies announced today that its subsidiaries, Sabine Pass Liquefaction, LLC and Sabine Pass LNG, L.P., have received authorization under Section 3 of the Natural Gas Act from the Federal Energy Regulatory Commission to site, construct and operate facilities for the liquefaction and export of domestically produced natural gas at the Sabine Pass LNG terminal located in Cameron Parish, Louisiana. The Order authorizes the development of up to four modular LNG trains.

Cheniere Energy last traded at $19.10, up from Monday's close of $16.99.

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