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Sabine Pass Lng

Cheniere Delays First LNG Shipment from Sabine Pass Terminal

Sabine Pass LNG Terminal. Photo by Cheniere Energy Partners

 The Sabine Pass liquefied natural gas (LNG) terminal will ship its first cargo later than initially thought, according to an announcement by Cheniere Energy Partners LP.   The Houston-based company now forecasts that its first shipment will not leave its Sabine Pass plant until late February or March 2016, a slip from a planned January departure.   Construction of the first liquefaction train at the terminal was completed ahead of schedule, Cheniere said, but the firm said that new instrumentation issues discovered during commissioning will take several weeks to address.    "We are now expecting the first cargo in late February or March," said Neal Shear, Interim President and CEO. "Construction for Trains 2-5 continues to be on an accelerated schedule and these trains are expected to come on-line on a staggered basis.”   Despite the delay, the Sabine Pass facility is slated to be the first in the lower 48 states to ship LNG overseas.   Other projects have faced delays in loading their first commissioning cargoes. Australia Pacific LNG, a project similar to Sabine Pass, where exports that were scheduled to begin in mid-June weren’t shipped until earlier this month.   Cheniere Partners owns 100 percent of the Sabine Pass LNG terminal located on the Sabine-Neches Waterway less than four miles from the Gulf Coast.   


Pressure Steady on LNG Shipping Rates -Drewry

LNG shipowners will have to wait until 2018 for earnings to improve, when the majority of new US plants are expected to come online, according to the latest edition of the LNG Forecaster report published by global shipping consultancy Drewry. The first quarter of 2016 was no better than the previous quarter for LNG shipowners as spot rates remained low at around $30,000pd. Two new liquefaction plants, Australia Pacific LNG (APLNG) in Australia and Sabine Pass LNG in the US


Teekay Charters Out Two LNG Newbuildings

Teekay LNG Partners signs two, 5-year time-charter contracts with Cheniere Marketing to provide Liquefied Natural Gas (LNG) transportation services. The fixed-rate time-charter contracts will be serviced by the two 173,400 cubic meter LNG carrier newbuildings ordered by Teekay LNG in December 2012. The newbuildings are currently under construction by Daewoo Shipbuilding & Marine Engineering of South Korea and are scheduled to be delivered in the first half of 2016.


US to Export LNG to China

Photo: Cheniere Energy, Inc

 Buyers from China are looking at long term liquefied natural gas (LNG) supplies from US firm Cheniere Energy, news agency Reuters quoted a company official as saying.   This would be the first LNG deal between the world's two biggest energy users. Cheniere Energy is set to become the first U.S. LNG exporter, with shipments to start by the end of this year.    However, no Chinese companies have signed up for any U.S. LNG cargoes so far.  


Chicago Bridge Wins $1B Contract

Chicago Bridge & Iron Co. N.V. on August 1 was awarded a contract, valued at more than $1b, by Golden Pass LNG Terminal LLC for the construction of a liquefied natural gas import terminal near Sabine Pass, Texas. The engineering firm said the terminal, which is expected to start up in 2009, will have import capacity to process 15.6 million tons of LNG per year. The project is expected to create more than 1,000 construction jobs in southeast Texas. (Source: Reuters)


First US Shale Gas Exports to Sail into Oversupplied Market

When Cheniere Energy opened a new liquefied natural gas import terminal in Louisiana in 2008, a U.S. shale drilling boom quickly made it obsolete. Seven years on, with the Houston-based firm about to open a landmark export plant on the same site, the timing, again, is far from ideal.   A Reuters analysis shows that a slump in oil prices and global abundance of LNG threaten to undercut the economics of U.S. gas exports


U.S. DofE Likely to Grant More LNG Export Permits

The Department of Energy is likely to approve additional permits this year to companies looking to export liquefied natural gas more broadly, reports Market Watch, citing Morgan Stanley. Freeport LNG has recently received DOE approval to export LNG to countries without a free trade agreement with the U.S.. Only one other project — Cheniere Energy Inc.’s Sabine Pass — has been granted that coveted permit, informs the Wall Street Journal Market Watch report.


Collision in Sabine Ship Channel

A Coast Guard crew passes the capsized 101-foot crew boat Rene I after it was involved in a collision with the 784-foot tanker Genmar Strength in the Sabine Ship Channel. The boat sank between the jetties where the channel enters the Gulf of Mexico, approximately two miles east of Sabine Pass, Texas. Coast Guard crews rescued three of the four men aboard the Rene I and the crew of a Sabine pilot boat rescued the fourth crewmember


LNG: Did the Greeks Get it Wrong?

Graph: Alibra

 In December 2013, Alibra’s market report front page read: “When in shipping, do as the Greeks do.” At that time, Alibra was referring to the fact that 31% of the LNG carrier orderbook had been ordered by Greek owners.   Billions of dollars in CAPEX were being pumped into natural gas exploration, as well as building infrastructure such as liquefaction and export terminals, especially in the US


BG, Energy Transfer get Nod for Lake Charles LNG

BG Group and Energy Transfer Partners have gained approval from the U.S. energy regulator for their liquefied natural gas (LNG) production and export plant in Lake Charles, Louisiana, the companies said. The go-ahead is a key milestone for the project, one of an array of planned U.S. LNG export plants set to bring shale gas to gas-hungry consumers across the globe. The partners said they would take a final investment decision on the project


First LNG Vessel Transits Expanded Panama Canal

Shell-chartered LNG carrier Maran Gas Apollonia transiting the Expanded Panama Canal’s Agua Clara Locks

Today, the Panama Canal marked another milestone with the transit of the first-ever liquefied natural gas (LNG) carrier through its expanded locks.   Shell-chartered Maran Gas Apollonia—measuring 289 meters in length and 45 meters in beam—arrived Monday from the Sabine Pass LNG


First U.S. LNG shipment to cross expanded Panama Canal

The United States will ship its first liquefied natural gas (LNG) cargo through an expanded Panama Canal next week.   The waterway shaves distances between export plants dotted along the Gulf of Mexico and Asia to 9,000 miles from 16,000, allowing U.S


Big Names Unite to Push LNG as a Marine Fuel

Picture of the SeaLNG group Photo SeaLNG

Carnival Corporation & plc, DNV GL, ENGIE, ENN, GE, GTT, Lloyd’s Register, Mitsubishi Corporation, NYK Line, Port of Rotterdam, Qatargas, Shell, TOTE Inc. and Wärtsilä are among firms that are part of a new cross-industry initiative called SEA\LNG


First Shipload of LNG Arrives at Skangas Terminal Finland

First shipload of liquefied natural gas to Finland arrived at Skangas LNG import terminal in Pori. Photo Gasum Oy

Sunday July 10th 2016 the first shipload of liquefied natural gas (LNG) arrived at the Gasum’s subsidiary Skangas LNG terminal in Pori. To be completed in August, the facility is the first LNG import terminal in Finland. LNG was brought with the time chartered Skangas Coral Energy carrier


Widened Panama Canal to Affect Trade Patterns

Photo: Panama Canal Authority

 It was another lacklustre month for the shipping industry as freight rates in almost all sectors softened further. Drewry’s Earnings Index declined by 0.5% during the month to 52.4.    The new locks of the Panama Canal finally became operational in June


World Trade Routes Won't be the Same with Expanded Panama Canal!

Graph: Clarksons Research

 On 26th June 2016, a landmark development for the shipping industry will occur with the opening of the new third set of locks at the Panama Canal. Clarksons Research takes a look.   Around ten years in the making, the expansion will enable significantly larger ships to transit the


Onshore Shale: Worth Keeping In The Shipping Spotlight

Graph: Clarksons Research

 Generally, shipping industry watchers spend much of their time monitoring events out to sea: how fleets are evolving, trade volumes growing and freight rates performing.    But occasionally it can be worth pointing the telescope in the other direction


Höegh LNG FSRUs on Strong Ground

Photo: Höegh LNG

 Höegh LNG is upbeat on the group’s FSRU prospects as its profit rise comes on the back of an almost tripled average regasification flow rate on Höegh LNG’s FSRU fleet compared with the same quarter last year, owing to increased imports driven by ample supplies of LNG


Cheniere to Roll Out Second LNG Unit

Photo: Cheniere Energy, Inc

 Cheniere Energy Inc. plans to start exporting liquefied natural gas in August from a second plant at its Sabine Pass terminal in Cameron Parish, according to a report from Bloomberg News.    Cheniere began exporting LNG in February from its first unit at Sabine Pass


Awilco LNG Reports Loss

Photo: Awilco LNG

 Oslo-based LNG shipping company, Awilco LNG, reported a first quarter freight income of US$8.9 million, down from $12.1 million in the same quarter the previous year.    The pure play LNG transportation provider  said that an oversupply of shipping in the carrier market


US LNG Shipments Point to Global Gas Price Convergence

Image by East-West Center

 The emergence of US liquefied natural gas as a competitive alternative for European and Asian customers, combined with an oversupplied market, should drive more convergence between natural gas prices at major hubs and weaken the link between gas and oil prices, Fitch Ratings says.  


Cheniere Appoints Jack Fusco as CEO

Jack Fusco. Photo: Cheniere Energy

 Jack Fusco was named chief executive and chairman of Cheniere Energy Monday, ending a leadership search that began after activist investor Carl Icahn ousted the company’s founder.   Fusco's installation as Cheniere’s new chief comes after a messy boardroom drama led to the


Yamal LNG Over 50% Complete

Photo: NOVATEK

 Novatek deputy chairman and CFO Mark Gyetvay said the Yamal LNG project in Russia have now passed the 50 percent overall completion mark.   Gyetvay noted that 100 percent of the Yamal LNG’s production capacity has been sold.  


US Battles Russia for European LNG Market

Image: Cheniere Energy

 As the U.S. prepares to enter the European gas markets with its first delivery of liquefied natural gas, Norway and Russia are expected to increase production to lower prices and make exporting less desirable to the U.S., reports Daily Sabah.  


LNG Tanker Creole Spirit Headed for Portugal from US

Creole Spirit (Photo: Teekay)

The Creole Spirit liquefied natural gas (LNG) tanker is destined for Portugal from the U.S. Sabine Pass project, two trade sources said.   Creole Spirit is the sixth cargo to be exported by Cheniere Energy Inc's project and the first to come to Europe.  






 
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