In Freight News 22/02/2016
Upon completion, the six-train Sabine Pass export facility will have a total export capacity of 27 million mt/year (1.26 Tcf/year or 35.7 Bcm/year of gas), according to Cheniere.
The first LNG cargo from Cheniere Energy’s Sabine Pass export facility in Louisiana, could be imminent, as the LNG carrier Asia Vision docked at the facility Sunday, Platts trade flow software cFlow showed.
The Asia Vision and the Energy Atlantic, both with a capacity of 160,000 cu m, arrived in January to the Gulf of Mexico and have remained idle. The Energy Atlantic remains in the Gulf of Mexico as of Sunday.
Cheniere had previously said the first cargo from the facility would be due in late February or early March.
While US LNG exports from Kenai, Alaska, began as early as 1969, Cheniere’s new export facility will be the first to send gas produced from the Lower-48 states to consumers across the globe.
Most of the offtake from Cheniere’s first liquefaction train at Sabine Pass was sold to BG Group, which agreed in October 2011 to purchase 182.5 million MMBtu/year over a 20-year period at a cost of 115% Henry Hub plus a fixed liquefaction fee of $2.25/MMBtu.
Additional offtakers from Cheniere’s Sabine Pass include Spain’s Gas Natural Fenosa, South Korea’s Kogas, India’s Gail, France’s Total and UK’s Centrica.
Source: Platts
