USA: Nineteen LNG Cargoes Re-Exported Last Year
The U.S. re-exported 19 LNG cargoes or 1,142,057 mt in 2011, according to U.S. DOE.
Most of the re-exports were handled by Cheniere at its Sabine Pass LNG terminal.
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.
LNG World News Staff, February 3, 2012; Image: BP