US LNG exports have accelerated over the past year. Capacity at Sabine Pass Phases 1 & 2 will reach 2.5 bcfd (18 mmtpa) by mid-2017, and attention is now shifting to the buyers and their offtake decisions. The short-term outlook raises uncertainties around capacity utilisation. The LNG market is oversupplied in the short-term, raising questions around utilisation. For the project's key customers—Shell, GNF, KOGAS, GAIL, Total and Cheniere—we assess their cost structures and portfolio balances, market dynamics and other factors likely to shape decision-making. This will be important to understand as other US facilities come online and more buyers are faced with similar choices in the years ahead.