Seven LNG Cargoes Re-Exported in 2012 (USA)

The U.S. re-exported seven LNG cargoes in 2012, according to U.S. DOE.

The country re-exported two LNG cargoes in December.

The LNG Capricorn departed from the Sabine Pass terminal on December 1, while the Excel LNG tanker left the Freeport terminal on December 18. Both of the cargoes were delivered to Brazil, DOE revealed in its monthly report for LNG imports.

There are currently three U.S. LNG terminals that have been granted Federal approval to re-export LNG: Freeport in Texas, Sabine Pass and Cameron in Louisiana.

Re-exportation of LNG lets marketers and suppliers store gas, while waiting for price signals before delivering their LNG to the higher-paying markets in Asia, Europe, and South America.

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LNG World News Staff, February 4, 2013; Image: Freeport