Cheniere Energy has doubled its losses in the third quarter as spending on its export project pushed expenses upward.
The Houston-based operator of the Sabine Pass LNG terminal was $14.5 million in the red during the period, compared to losses of $6.98 million in the third quarter of 2010.
The outfit saw revenues dip by 2.6% to $64.9 million while expenses jumped by 17% to $29.5