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First LNG cargo for Sabine Pass terminal

Eric Watkins
Senior Correspondent

LOS ANGELES, Mar. 31 -- A carrier is bound from Nigeria with the first cargo of LNG for Cheniere Energy Inc.'s Sabine Pass LNG terminal in Cameron Parish, La.

The 145,000 cu m-capacity LNG vessel Celestine River, owned and operated by Kawasaki Kisen Kaisha Ltd. ("K" Line) is scheduled to arrive Apr. 12 at the Sabine Pass LNG terminal.

Sabine Pass LNG, under construction for 3 years, is the largest US regasification facility with an initial send-out capacity of 2.6 bcfd and peak capacity of 4.3 bcfd. It has 16.8 bcf of LNG storage capacity and two berths capable of handling the largest LNG vessels.

In February, Cheniere Energy hired Credit Suisse as its financial advisor in evaluating the future of the Sabine Pass LNG terminal. Options include taking on partners or selling Cheniere's 2 bcfd portion of the terminal's 4 bcfd capacity. Total SA and Chevron Corp. each hold 20-year agreements for 1 bcfd capacity (OGJ Online, Feb. 28, 2008).

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