One of the largest industrial energy facilities in North America is due to come online later this year, making the U.S. a net exporter of natural gas.
Created at an estimated cost of $20 billion, the Sabine Road Liquefied Natural Gas Terminal is owned by Houston, Texas-based Cheniere Energy.
Located on the Louisiana-Texas border, Sabine Pass plans to store 405,000 tons of the fossil fuel, arriving each day via pipeline from the Lone Star State as well as North Dakota, Ohio and Pennsylvania. From there it would be loaded on tanker ships for global export.
The decade-long construction project is the brainchild of Lebanese-born Charif Souki, a former restaurateur from Los Angeles. Souki purchased Cheniere in 1996, and the company is expected to turn its first profit sometime next year, according to Bloomberg Business.
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