Half of Cheniere’s US LNG exports heading for Europe

Half of Cheniere's US LNG exports heading for Europe

Cheniere could see half of its US LNG supply reaching Europe in the future, but buyers might re-export some of the cargoes to other markets.

Speaking at the EAGC conference in Geneva, Cheniere Marketing President Jean Abiteboul said prices will determine the final destination of the cargoes, as uncertainties over LNG demand in China and India remain, Platts reports.

Abiteboul said that, due to the fact that there were no destination clauses in Cheniere’s contracts, buyers could reload cargoes in Europe and ship them to Asia or even South America.

He noted that Europe currently has enough spare capacity to receive new LNG supply as its regasification facilities were running at around 30 percent.

Cheniere, that is currently building two LNG export projects in the United States, the Sabine Pass and Corpus Christi liquefaction projects, will supply 30 percent of the Spanish gas market under long-term contracts.

The company will also be covering 5 percent of the total European gas market with 16 million tons a year of LNG, from its total 31.5 million tons of initial LNG production capacity, booked on long-term deals.

 

LNG World News Staff; Image: Cheniere

Share this article

Follow LNG World News

Events>

<< Sep 2017 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

LNG BUNKERING MED

The only 3 day course offering theoretical and practical training on LNG bunkering for the Mediterranean market, the syllabus is accredited…

read more >

International Gas Cooperation Summit (IGCS)

The International Gas Cooperation Summit (IGCS) is a platform for South Africa’s aspirations to build an energy hub for gas cooperation…

read more >

Budapest LNG Summit

Budapest LNG Summit is a niche event focused on the up and coming LNG  region of Central & Eastern Europe (CEE).

read more >

Mozambique Gas Summit & Exhibition

Now in its fourth edition, the Mozambique Gas Summit & Exhibition is recognized as the leading strategic meeting for Mozambique’s gas industry…

read more >