The U.S. re-exported 2 LNG cargoes or 132,222 mt in January, according to U.S. DOE.
One LNG cargo was shipped from Cheniere’s Sabine Pass terminal on January 8 and the other cargo from the Freeport LNG terminal on January 26.
There are currently three U.S. LNG terminals that have been granted Federal approval to re-export LNG: Freeport in Texas, Sabine Pass and Cameron in Louisiana.
Re-exportation of LNG lets marketers and suppliers store gas, while waiting for price signals before delivering their LNG to the higher-paying markets in Asia, Europe, and South America.
LNG World News Staff, March 2, 2012; Image: Freeport