LNG Exports
Posted: Wed Sep 06, 2017 8:43 am
Harvey Has America's Only Shale Gas Export Plant Cutting Flows. Bloomberg.
Cheniere Energy Inc.’s Sabine Pass terminal, the only one liquefying U.S. shale gas and sending it overseas, hasn’t been able to load tankers since Tropical Storm Harvey hit the U.S. Gulf Coast last month. With rivers swollen to record levels, LNG tankers are piling up off Louisiana’s coast and the terminal’s bringing in the least amount of gas in 10 months. It could cut flows even more as tanks fill up -- nothing but bearish for the U.S. gas market.
Cheniere Energy Inc.’s Sabine Pass terminal, the only one liquefying U.S. shale gas and sending it overseas, hasn’t been able to load tankers since Tropical Storm Harvey hit the U.S. Gulf Coast last month. With rivers swollen to record levels, LNG tankers are piling up off Louisiana’s coast and the terminal’s bringing in the least amount of gas in 10 months. It could cut flows even more as tanks fill up -- nothing but bearish for the U.S. gas market.