LNG Exports to start in January
Posted: Fri Jan 01, 2016 11:37 am
Cheniere Energy Inc. (NYSE: LNG) began production at what will become the first terminal to export natural gas from America’s shale formations, according to ING Capital LLC, which helped finance the project.
The company is receiving about 50 million cubic feet of the fuel a day, chilling it into liquefied natural gas at the Sabine Pass terminal in Louisiana, and storing it in tanks before the first export, Richard Ennis, head of natural resources at ING, said by e-mail on Wednesday. Ennis said he receives regular updates from the company and that he hadn’t been informed of a delay in the startup. Cheniere spokeswoman Faith Parker didn’t immediately respond to telephone and e-mailed requests for comment on Wednesday.
Cheniere has previously said the inaugural cargo will leave the complex in January by tanker and that U.K.-based BG Group Plc is contracted to take the first shipment. Sabine Pass is “on schedule,” Ennis said. “You can’t dock a ship to offtake the LNG until you have a full shipload of LNG in the tanks, which is planned to happen in January.”
http://www.bloomberg.com/news/articles/ ... l-ing-says
Exports of natural gas (LNG and via pipeline to Mexico) are set to ramp up to over 10 BCF per day by 2020.
The company is receiving about 50 million cubic feet of the fuel a day, chilling it into liquefied natural gas at the Sabine Pass terminal in Louisiana, and storing it in tanks before the first export, Richard Ennis, head of natural resources at ING, said by e-mail on Wednesday. Ennis said he receives regular updates from the company and that he hadn’t been informed of a delay in the startup. Cheniere spokeswoman Faith Parker didn’t immediately respond to telephone and e-mailed requests for comment on Wednesday.
Cheniere has previously said the inaugural cargo will leave the complex in January by tanker and that U.K.-based BG Group Plc is contracted to take the first shipment. Sabine Pass is “on schedule,” Ennis said. “You can’t dock a ship to offtake the LNG until you have a full shipload of LNG in the tanks, which is planned to happen in January.”
http://www.bloomberg.com/news/articles/ ... l-ing-says
Exports of natural gas (LNG and via pipeline to Mexico) are set to ramp up to over 10 BCF per day by 2020.