The United States joined the ranks of natural gas exporting nations in February 2016, when cargoes of liquefied natural gas (LNG) began to be shipped from Cheniere Energy’s Sabine Pass liquefaction project in south-western Louisiana. The first liquefaction ’train’ at Sabine Pass (Train 1) has continued to operate since then, with 20 cargoes loaded, as of July the 31st. Since that date, LNG from Sabine Pass has been exported to 10 nations in four global regions, with most cargoes heading to South America (See Charts 1 and 2). Over the next three years, the volume of LNG produced in the United States, will grow dramatically, as 13 additional liquefaction trains come online at the five U.S. projects already under construction. Here’s a project-by-project breakdown: Sabine Pass. Train 2 at Sabine Pass started producing LNG on July the 28th, and on September the 16th, Cheniere announced that it had “taken control” of Train 2 from Bechtel (its EPC contractor). The turnover is being done in co-ordination with a previously planned outage, to improve the performance of the flare systems at Sabine Pass, as well as to perform scheduled maintenance to Train 1 and other facilities. Under a sale and purchase agreement (SPA) with Gas Natural Fenosa, the date of the first commercial delivery for Train 2 of the project, is expected to occur in August, 2017, upon which, the SPA’s 20-year term commences. (Shell controls the commercial cargoes from Train 1, under a 20-year SPA). Trains 3 and 4 at Sabine Pass are expected to be “substantially complete” by the third quarter of 2017. Train 5 is to be completed [...]
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