Inform
First exports from Sabine Pass: start of a new era in US LNG
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Cheniere has started exports from Sabine Pass. The successful start-up of Train 1 marks Cheniere's rapid turnaround from LNG importer to exporter. The company announced plans to add liquefaction to its Sabine Pass regas terminal in June 2010, and construction of the Phase 1 liquefaction facilities started in August 2012, taking approximately three-and-a-half years to first LNG. Although today's depressed global LNG market conditions are a reality, in time, we expect the appetite for more US LNG to grow. In the near term, Cheniere will be relatively well insulated from low commodity prices, as the majority of its LNG capacity has been sold under long-term contracts, involving capacity payments that offtakers will pay whether cargos are lifted or not. These provide a source of income linked to the creditworthiness of its offtakers and a platform upon which the company's LNG marketing business can grow as global demand conditions improve.
Table of contents
- First exports from Sabine Pass: start of a new era in US LNG
Tables and charts
This report includes the following images and tables:
-
US LNG Nominal Capacity – projects under construction in the Gulf / East Coast
Other reports you may be interested in
Insight
From supply push to demand pull: how US natural gas midstream development is evolving
New structural demand centers are funding new pipeline development.
$950
Insight
Breaking down the surge in US LNG capital costs and impact of tariffs
Tariffs could raise US LNG construction costs by 5%, compounding inflation and squeezing project returns across pre-FID developments
$1,050
Insight
Q2 2023 North America LNG Projects Update
Rio Grande LNG set to become the third US LNG project sanctioned in 2023
$1,050
