Chile receives first Sabine Pass LNG export cargo

Chile’s Quintero LNG terminal has received its first cargo from Cheniere’s Sabine Pass LNG export terminal in Louisiana. This is the first U.S. LNG cargo produced from shale gas to reach Chile.

The 155,000 cbm GasLog Shanghai LNG tanker arrived at the regasification terminal, located in the Bay of Quintero on June 11.

The Sabine Pass shipment is a part of a long-term contract BG, now Shell has with GNL Chile, a company set up by Enap, Endesa Chile and Metrogas.

Worth mentioning, Spanish LNG terminal operator Enagas said last week it has reached a deal to boost its stake in GNL Quintero, the terminal operator.

Once the deal with Endesa Chile is complete, the GNL Quintero shareholders would be as follows: Terminal de Valparaiso (51% Enagás Chile and 49% Oman Oil Company) 40%, Enagás Chile 20%, Enap 20% and Metrogas 20%.

LNG tanker GasLog Shanghai left the Sabine Pass terminal, the first of its kind to ship U.S. shale gas overseas, on May 16.

Cheniere Energy recently said that Train 1 at the facility has been completed with first commercial delivery expected to occur in November when the 20-year LNG sales and purchase agreement with Shell commences.

Prior to the date of first commercial delivery Shell has certain rights to early cargoes produced from the first liquefaction train at Sabine Pass.

According to shipping data, Sabine Pass exported thirteen LNG cargoes since start-up in February.

Houston-based Cheniere expects first cargo from the second train at its Sabine Pass export plant in mid-August.

The company is developing up to six trains, each with a production capacity of approximately 4.5 mtpa of LNG, at the Sabine Pass terminal, adjacent to the existing regasification facilities.

 

LNG World News Staff

 

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