Southern Union Company (NYSE:SUG) today issued the following statement with respect to Lake Charles Exports, LLC, a jointly-owned subsidiary of the company and BG Group plc:
“As was just announced, we are pleased that BG Group plc has again affirmed its commitment to pursuing our joint export application to develop and install liquefaction facilities at the Lake Charles terminal to export LNG. Even as we move forward with the announced sale of the Company, we continue to work hard with BG, our longstanding partner, to ensure that Lake Charles will become the premier U.S. exporting site."
About Southern Union Company
Southern Union Company, headquartered in Houston, is one of the nation’s leading diversified natural gas companies, engaged primarily in the transportation, storage, gathering, processing and distribution of natural gas. The company owns and operates one of the nation’s largest natural gas pipeline systems with more than 20,000 miles of gathering and transportation pipelines and one of North America’s largest liquefied natural gas import terminals, along with serving more than half a million natural gas end-user customers in Missouri and Massachusetts. For further information, visit www.sug.com.Forward-Looking Statements This press release may include certain statements concerning expectations for the future, including statements regarding the proposal described above, that are forward-looking statements as defined by federal law. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond the control of the management team of SUG. An extensive list of factors that can affect future results are discussed in the reports filed with the Securities and Exchange Commission by SUG. SUG undertakes no obligations to update or revise any forward-looking statement to reflect new information or events.