Chevron seeks licence to re-export LNG from Sabine Pass
Oil and gas giant Chevron has filed an application with the U.S. Department of Energy to export previously imported LNG from the Sabine Pass terminal in Cameron Parish, Louisiana.
The application was filed on August 27 requesting blanket authorization to export LNG previously imported into the U.S. from foreign sources in an amount up to the equivalent of 72 Bcf of natural gas on a short-term or spot market basis for a two-year period commencing on December 8, 2014.
The LNG would be exported from Cheniere’s Sabine Pass terminal to any country with the capacity to import LNG via ocean-going carrier and with which trade is not prohibited by U.S. law or policy.
Chevron said that it has contracted for 1.0 Bcf/day of terminal capacity from Sabine Pass LNG for an initial term of 20 years that will expire June 30, 2029, with the option to extend the term.