Inform
First exports from Sabine Pass: start of a new era in US LNG
This report is currently unavailable
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 1 images and tables including:
- US LNG Nominal Capacity – projects under construction in the Gulf / East Coast
Other reports you may be interested in
Commodity Market Report
North America gas short-term outlook: Henry Hub generates support while Waha falls into an abyss
Can prices rebound to $3/mmbtu by the start of winter?
$2,000
Commodity Market Report
Global gas & LNG weekly summary: 04 April 2024 (1)
Sustained electric heating demand in Japan leaves LNG inventory levels low, prompting fuel-saving measures
$4,000
Asset Report
Zortman Landusky (Closed) gold mine
A detailed analysis of the Zortman Landusky (Closed) gold mine.
$2,250