Sabine Pass – Oil & Gas 360

Tropical Storm Barry Puts 70% of Newly Minted U.S. LNG Capacity at Risk

July 12, 2019

From Bloomberg Sabine Pass, Cameron terminals may be in Barry’s path, U.S. natural gas exports have soared amid shale boom Tropical Storm Barry is highlighting the risks that Gulf of Mexico storms pose to America’s newly expanded liquefied natural gas export capacity. Cheniere Energy Inc.’s Sabine Pass export terminal and Sempra Energy’s just-built Cameron facility are potentially in the path

Cheniere Produces LNG from Newest Corpus Christi and Sabine Pass Trains

November 16, 2018

Yesterday Cheniere Energy, Inc. (stock ticker: LNG), in partnership with privately-held Bechtel, produced the first LNG from the Corpus Christi Liquefaction project (CCL Project) in Texas. According to a 3Q 2018 presentation by Cheniere, the CCL Project is the first greenfield LNG export facility in the U.S. Lower-48. There are three trains, with 13.5 mtpa total capacity. Train 1 has

First Physically Deliverable LNG Futures Contract Being Developed for Sabine Pass

July 11, 2018

Positioning Henry Hub as global natural gas price benchmark Chicago’s CME Group (ticker: CME) and Cheniere Energy (ticker: LNG) announced that the two companies are developing an LNG futures contract with physical delivery to Cheniere’s Sabine Pass terminal on the U.S. Gulf Coast. “Through its Sabine Pass liquefaction facility, Cheniere is delivering Henry Hub-indexed natural gas to the world in the form of

LNG Shipments to UK: Cove Point Offers Shorter Route, Better Economics than Sabine Pass

April 6, 2018

From Bloomberg Cove Point Beats Sabine Pass in economics of supply to Europe Britain’s LNG imports pick up with 5 cargoes in April 1-8 As seasonal demand wanes in Asia, the key buying region for the fuel, cargoes from countries including Qatar and Russia have started arriving on British shores. In total 11 ships will unload from March 7 through

America's liquefied natural gas boom has a climate change problem, according to a report released on Monday. Oil & Gas 360

LNG and Steel: Tariffs Could Lower Competitiveness of U.S. NatGas Exports – Trade Group

March 16, 2018

Steel, aluminum tariffs take effect March 23 When Shell (ticker: RDS.A) released its 2018 LNG Outlook in late February, the global oil and gas major said that surging global LNG demand could lead to possible shortages in the Mid-2020s. Shell said based on current demand projections, it sees a potential for a supply shortage developing in mid-2020s, unless new LNG production

Cove Point Makes It Official: We’re Number 2

March 5, 2018

Cove Point ships out its first LNG cargo, making Dominion officially the second U.S. LNG exporter leading the new wave of U.S. natural gas global takeaway opportunities – 2 years after Cheniere started the charge On March 1, 2018, Dominion Energy’s (ticker: D) Cove Point LNG export facility in Lusby, Maryland, secured two places in the record books. On Thursday

Gulf Coast LNG Importer Golden Pass Cleared to Export from Proposed $10 Billion Plant

April 26, 2017

U.S. Oks Qatar Petroleum/ExxonMobil to Ship U.S. NatGas to Non-FTA Nations from Texas The U.S. Department of Energy has signed an order authorizing Golden Pass Products LLC to export domestically produced liquefied natural gas (LNG) to countries that do not have a free trade agreement (FTA) with the United States. Golden Pass is jointly owned by Qatar Petroleum (70%) and

Cheniere Reports Sabine Pass LNG Project at Substantial Completion for Train 1, Sees First Cargo for Train 2 in Mid-August

May 25, 2016

Cheniere targets Trains 3, 4 for 2017 completions In a letter to FERC dated May 24, representing the Monthly Construction Progress Report to the agency, Cheniere Energy (ticker: LNG) reported its progress through April 2016 on Trains 1,2,3 and 4 at its Sabine Pass LNG project as follows: “Actual project progress supports the achievement of substantial completion for Trains 1 and 2 by late

LNG Exports are a Lifeline for Natural Gas Prices

April 21, 2016

Chenier ships its sixth LNG cargo – destination: Europe The sixth LNG cargo to leave from Chenier Energy’s (ticker: LNG) Sabine Pass project is set to bring U.S. liquefied natural gas to Europe for the first time. The Continent, which will be the third to import U.S. LNG, has predominantly received its natural gas from Russia and Norway in the

A First: Cheniere Ships 60,960 Tons of LNG

February 25, 2016

Cheniere’s first LNG shipment from Sabine Pass is destined for Brazil Cheniere Energy (ticker: LNG, Cheniere.com) announced that it was loading the first shipment of LNG to export from the U.S. from Train 1 at its Sabine Pass LNG project Wednesday. A press release from the company said the cargo would “depart imminently,” following its loading on the LNG carrier

Sabine Pass and Gorgon LNG Prepare for First Shipments

February 22, 2016

Cheniere expects first LNG cargo in the coming weeks from Sabine Pass Cheniere Energy (ticker: LNG, Cheniere.com) expects to load the first shipment of liquefied natural gas for export from the U.S. in the coming days. A LNG tanker docked in Cheniere’s Sabine Pass terminal Sunday as the company prepares to send the first cargo from the U.S. by the

Cheniere Plans to Pay Off $2.8 Billion in Debt

January 25, 2016

Cheniere aims at credit due before 2020 Cheniere Energy (ticker: LNG, Cheniere.com) announced that it has engaged 13 financial institutions in order to structure and arrange senior secured credit facilities in an aggregate principal amount of up to approximately $2.8 billion, according to a company press release. Cheniere hopes to use the proceeds from the new credit facility to redeem

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