Louisiana Sabine Pass 6 LNG Export Train to Be Built by Cheniere

The biggest supplier of U.S. LNG is planning to build a sixth liquefaction train at its Sabine Pass LNG export terminal in Louisiana, Cheniere Energy said on Monday.

The company has a $2.5 billion contract with Bechtel, the lead contractor building its LNG terminals. It gave Bechtel the notice to proceed with the construction of Sabine 6 and expects the unit to enter service in 2023.

Cheniere’s subsidiary, Cheniere Energy Partners LP has entered into five-year, $1.5 billion senior secured credit facilities with 29 banks and financial institutions to fund a portion of Sabine 6 and a third LNG berth at the plant.

Also all remaining necessary regulatory approvals for the project is expected to receive by the end of 2019, the company said.

Source:
pgjonline

Train 5 of Sabine Pass Liquefaction Project Achieves Substantial Completion

In a statement released by Cheniere Energy Partners, L.P, the company has achieved Substantial Completion of Train 5 of the Sabine Pass liquefaction project in Cameron Parish, Louisiana.

According to the statement, commissioning has been completed and Cheniere Partners’ EPC partner Bechtel Oil, Gas and Chemicals Inc. has turned over care, custody, and control of Train 5 to Cheniere Partners.

Under sale and purchase agreements (SPAs) with Centrica plc and Total Gas & Power North America, Inc., the date of first commercial delivery is expected to occur in August 2019, upon which the term of each of these SPAs commences.

Cheniere Partners and Bechtel have now declared Substantial Completion on five liquefaction trains at the SPL Project ahead of each train’s guaranteed completion date and within project budgets.

Financial results of LNG sales from Train 5 going forward will be reflected in the statement of operations of Cheniere Partners and its applicable affiliates with the achievement of Substantial Completion.

Source:
newsok

Exxon, Qatar Petroleum Investing $10 Billion in Texas LNG Export Plant Expansion

Exxon is teaming up with Qatar Petroleum through a $10 billion project to expand a liquefied natural gas export plant in Texas.

The Golden Pass LNG project in Sabine Pass, Texas is expected to begin early this year as 16 million tonnes of LNG production capacity will be added after the projected 2024 start date.

 “Golden Pass will provide an increased, reliable, long-term supply of liquefied natural gas to global gas markets, stimulate local growth and create thousands of jobs,” Exxon Chief Executive Darren Woods said of the final investment decision.

U.S. Secretary of Energy Rick Perry added, “The deal is proof that two of the world’s top energy producers can work together and “support rather than subvert an open energy marketplace,”

Exxon will hold a 30 percent stake in the Golden Pass and Qatar Petroleum will hold 70 percent.

Exxon has also signed an agreement to buy a 12.4 percent interest in the existing terminal and a pipeline from ConocoPhillips, subject to regulatory approvals.

Source:
Reuters

Cheniere Energy Celebrates 100th Cargo Export of LNG, Marks Milestone in LNG Success

Sabine Pass LNG Terminal along the Sabine Pass River on the border between Texas and Louisiana ( Cheniere Energy )

Sabine Pass LNG Terminal along the Sabine Pass River on the border between Texas and Louisiana (Cheniere Energy)

Cheniere Energy, the current sole exporter of U.S. liquified natural gas, celebrated on Monday its 100th cargo of LNG to leave the company's Sabine Pass export terminal, marking a milestone for the company's success in LNG operations.

In February of 2016, Cheniere became the first company to export LNG from the contiguous U.S. in over 50 years. Other companies are in the process of creating LNG export projects, but none have yet to come online.

"This milestone for Cheniere is a testament to the global demand for American LNG, the hard work and dedication of Cheniere's workforce, and our unique business model that enables customers large and small to access this fuel," said Jack Fusco, Cheniere's President and CEO.

Cheniere is also currently building another LNG project near Corpus Christi, which should begin operations in 2019.

Source:
Cheniere Energy
Fuel Fix

U.S. Plans First-Ever LNG Export on Canada's Behalf

For the first time, the U.S. is setting up to export Canadian supply overseas by way of Cheniere Energy's export terminal at Sabine Pass in Louisiana.

Several LNG export terminals have been proposed for Canada's West Coast but have been arduously opposed by environmentalists and other groups, preventing their construction. Cheniere's export terminal will allow for what TransCanada's Keystone XL would do if it is ever built: to move Canadian resources through the U.S. to be exported.

Cheniere Energy said it entered into a supply deal to receive Montney gas from a Canadian producer that it did not name. The Montney shale lies on the borderline of Alberta and British Columbia.

Madeline Jowdy, the senior director of global gas and LNG at Pira Energy Group told Bloomberg that this strategy is a good potential outlet for Canadian LNG suppliers since LNG projects may be a long time coming due to strong opposition from environmentalists and native tribes.

This would be the first time the pipelines that serve Sabine Pass move LNG from Canada to export.

Source:
Bloomberg