Cheniere offers Sabine Pass LNG capacity

By OGJ editors
HOUSTON, Apr. 3 -- Cheniere Energy Inc., Houston, is offering as much as 500 MMcfd of remaining long-term capacity at its Sabine Pass LNG receiving terminal and regasification plant in Cameron Parish, La. The offer will close May 15.

Sabine Pass LNG is under construction and expected to be operational in early 2008 with an initial rated capacity of 2.6 bcfd, which would be boosted in 2009 to 4 bcfd.

Cheniere said its terminal and pipelines groups plan to spend about $3 billion over 5 years to bring online the Sabine Pass terminal and two other LNG receiving terminals and associated pipelines in Texas and Louisiana (OGJ, Apr. 3, 2006, p. 20).

Affiliates of Total SA and Chevron Corp. currently hold 1 bcfd each of reserved capacity at the Sabine Pass terminal (OGJ, Dec. 12, 2005, Newsletter). Cheniere LNG Marketing Inc. has entered into long-term terminal use agreements for 1.5 bcfd of capacity at Sabine Pass and for 1 bcfd at Cheniere's 2.6 bcfd Corpus Christi, Tex., LNG receiving terminal.

Corpus Christi LNG received construction authorization in December 2005, and Cheniere plans to start site preparation in the second quarter. The terminal is expected to be operational in 2010.

Related Articles

LNG export limits violate US free trade tradition, ExxonMobil executive says

04/21/2015 The US should remove the national interest demonstration requirement for LNG exports to countries with which it does not have a free-trade agreemen...

Watching Government: Five years after Macondo

04/20/2015 It would be an understatement to declare offshore oil and gas has changed since the deepwater Macondo well blowout and crude oil spill 5 years ago....

IEA forecasts higher 2015 global oil demand

04/20/2015 In its April Oil Market Report, the International Energy Agency raised its forecast of 2015 global oil demand by 90,000 b/d to 93.6 million b/d, a ...

OGJ Newsletter

04/20/2015

International news for oil and gas professionals

More witnesses urge Congress to repeal US crude oil export ban

04/20/2015 The US crude oil export ban is a 1970s anachronism that could hobble US production growth and restrict economic improvement if it is not repealed, ...

OPEC in June

04/20/2015

For the Organization of Petroleum Exporting Countries and the oil market, a fateful month looms.

AEO2015: US on track to eliminate net energy imports by 2030

04/17/2015 Continued growth in oil and natural gas production, growth in the use of renewables, and the application of demand-side efficiencies show the poten...

ANGA urges US to scrap dual approvals for LNG export projects

04/16/2015 The US could lose an important global opportunity if it doesn’t move more quickly on its LNG export decisions, America’s Natural Gas Alliance said ...

Magellan, TransCanada to pursue Houston Pipeline connection

04/16/2015 Magellan Midstream Partners LP and TransCanada Corp. reported entering into a joint development agreement to pursue a project to connect TransCanad...
White Papers

Pipeline Integrity: Best Practices to Prevent, Detect, and Mitigate Commodity Releases

Commodity releases can have catastrophic consequences, so ensuring pipeline integrity is crucial for p...
Sponsored by

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New chall...
Sponsored by

Transforming the Oil and Gas Industry with EPPM

With budgets in the billions, timelines spanning years, and life cycles extending over decades, oil an...
Sponsored by

Asset Decommissioning in Oil & Gas: Transforming Business

Asset intensive organizations like Oil and Gas have their own industry specific challenges when it com...
Sponsored by

Squeezing the Green: How to Cut Petroleum Downstream Costs and Optimize Processing Efficiencies with Enterprise Project Portfolio Management Solutions

As the downstream petroleum industry grapples with change in every sector and at every level, includin...
Sponsored by

7 Steps to Improve Oil & Gas Asset Decommissioning

Global competition and volatile markets are creating a challenging business climate for project based ...
Sponsored by

The impact of aging infrastructure in process manufacturing industries

Process manufacturing companies in the oil and gas, utilities, chemicals and natural resource industri...
Sponsored by

What is System Level Thermo-Fluid Analysis?

This paper will explain some of the fundamentals of System Level Thermo-Fluid Analysis and demonstrate...
Available Webcasts


Prevention, Detection and Mitigation of pipeline leaks in the modern world

When Thu, Apr 30, 2015

Preventing, detecting and mitigating leaks or commodity releases from pipelines are a top priority for all pipeline companies. This presentation will look at various aspects related to preventing, detecting and mitigating pipeline commodity releases from a generic and conceptual point of view, while at the same time look at the variety of offerings available from Schneider Electric to meet some of the requirements associated with pipeline integrity management. 

register:WEBCAST



On Demand

Global LNG: Adjusting to New Realities

Fri, Mar 20, 2015

Oil & Gas Journal’s March 20, 2015, webcast will look at how global LNG trade will be affected over the next 12-24 months by falling crude oil prices and changing patterns and pressures of demand. Will US LNG production play a role in balancing markets? Or will it add to a growing global oversupply of LNG for markets remote from easier natural gas supply? Will new buyers with marginal credit, smaller requirements, or great need for flexibility begin to look attractive to suppliers? How will high-cost, mega-projects in Australia respond to new construction cost trends?

register:WEBCAST


US Midstream at a Crossroads

Fri, Mar 6, 2015

Oil & Gas Journal’s Mar. 6, 2015, webcast will focus on US midstream companies at an inflection point in their development in response to more than 6 years shale oil and gas production growth. Major infrastructure—gas plants, gathering systems, and takeaway pipelines—have been built. Major fractionation hubs have expanded. Given the radically changed pricing environment since mid-2014, where do processors go from here? What is the fate of large projects caught in mid-development? How to producers and processors cooperate to ensure a sustainable and profitable future? This event will serve to set the discussion table for the annual GPA Convention in San Antonio, Apr. 13-16, 2015.

This event is sponsored by Leidos Engineering.

register:WEBCAST


The Future of US Refining

Fri, Feb 6, 2015

Oil & Gas Journal’s Feb. 6, 2015, webcast will focus on the future of US refining as various forces this year conspire to pull the industry in different directions. Lower oil prices generally reduce feedstock costs, but they have also lowered refiners’ returns, as 2015 begins with refined products priced at lows not seen in years. If lower per-barrel crude prices dampen production of lighter crudes among shale plays, what will happen to refiners’ plans to export more barrels of lighter crudes? And as always, refiners will be affected by government regulations, particularly those that suppress demand, increase costs, or limit access to markets or supply.

register:WEBCAST


Emerson Micro Motion Videos

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected