Report: Cheniere completes first spot LNG sale

LNG player Cheniere, based in Houston, has reportedly sold its first spot LNG cargo last week. 

Sources told Platts that the maiden trade was completed at $7.20 per mmBtu and the cargo will be delivered onboard the 162,000 cbm Clean Ocean LNG carrier in July to an Asian buyer.

Cheniere has chartered the vessel from Dynagas on a five-year deal ending in the second quarter of 2020 with an option to extend the deal for additional two years. The vessel has been chartered together with two Teekay’s 173,400 cbm LNG carrier newbuilds under construction by Daewoo Shipbuilding & Marine Engineering of South Korea¬†scheduled for delivery in the first half of 2016.

Cheniere plans to market up to 5 mtpa of LNG from its US-based export projects through its office in Singapore.

The Clean Ocean LNG carrier is currently on idle offshore Singapore, according to shipping data.

 

LNG World News Staff; Image: Dynagas