U.S. set to double LNG shipments

Posted on Oct 14, 2016 in News

E&E Energy Wire | 10/14/16

Cheniere Energy Inc. has received approval from regulators to double the volume of U.S.-produced liquefied natural gas exports from its Sabine Pass terminal in Louisiana.

Cheniere will start loading tankers with LNG from the terminal’s new plant, known as Train 2. The company shipped out its first cargo from the Lower 48 states in February, making it the nation’s first and only exporter of shale gas.

Analysts say the additional volume of U.S. LNG comes at a testing time for the global gas market, which has been reeling from oversupply and weakened demand.

“There will be big questions about where all of this gas is going to go and what it’s going to do to European gas prices and power prices, in Asia as well,” said Ted Michael, an LNG analyst with Genscape Inc.

The company plans to bring a third plant online next year and to commission a fourth.

Full story here.