Cheniere seeking Sabine Pass re-export extension

Cheniere Energy’s unit, Cheniere Marketing recently filed an application with the Department of Energy to re-export up to 500 billion cubic feet of previously imported LNG from the Sabine Pass LNG terminal.

In its application Cheniere Marketing is looking for a two-year permit under which it would start exporting LNG on June 7, 2016, when its current blanket re-export authorization expires.

Cheniere said the cumulative amount of 500 bcf will be exported on a short-term or spot market basis to FTA countries that have the capacity to import LNG via ocean-going carriers.

The company added that imported LNG would be regasified should the domestic demand rise.

Cheniere recently exported its first LNG cargo from its Sabine Pass liquefaction and export facility in Louisiana.

Sabine Pass is expected to load several commissioning cargos as part of its start-up process, after which it will need the approval from the Federal Energy Regulatory Commission to operate commercially, according to U.S. EIA.

LNG World News Staff