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Cheniere Reports Net Losses in First Quarter

Citing high operational costs, Cheniere Energy Inc. announced on Wednesday a net loss of $34.6 million for the first quarter, on oil and gas sales of $832,000. Cheniere ascribed some of these losses to $2 billion in senior notes offered by wholly-owned s
May 9, 2007

Citing high operational costs, Cheniere Energy Inc. announced on Wednesday a net loss of $34.6 million for the first quarter, on oil and gas sales of $832,000. Cheniere ascribed some of these losses to $2 billion in senior notes offered by wholly-owned subsidiary Sabine Pass LNG LP, in November, 2006. The Houston Business Journal provides further details.

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