Cheniere to ship first Sabine Pass LNG in January

Cheniere to ship first Sabine Pass LNG in January

Houston-based LNG player Cheniere could start exporting liquefied natural gas from its Sabine Pass export facility in January. 

The company’s CEO Charif Souki said the Sabine Pass LNG facility is expected to start receiving feed gas by the end of the year with the first cargo to be shipped in January, Reuters reports.

He added that Cheniere intends to start offering one cargo per month starting in December from its total U.S. LNG production capacity.

Once all trains are operational on Sabine Pass and Cheniere’s second LNG project, Corpus Christi, the company will be producing a total of 31.5 million tons of LNG per year with most of it already booked on long-term deals.

Souki added that about 4 mtpa of LNG will be left for sale on spot market.

Cheniere has also been granted approval to construct two additional trains at the Sabine Pass LNG terminal, but Souki added that the current pricing structure is not in favour of sanctioning new construction.

However, Souki believes the market will recover adding that with the current capacity, the company can afford to wait for the prices to recover, the report said.

 

LNG World News Staff; Image: Cheniere

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