USA: Seventeen LNG Cargoes Re-Exported in Jan-Nov
The U.S. re-exported 17 LNG cargoes or 1,030,939 mt in January-November period, 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, January 5, 2012; Image: Cheniere