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).

Contact Eric Watkins at hippalus@yahoo.com.

Related Articles

Increased gas production from shale rewires global supply grid

10/01/2013 DENVER, Colo.—"Unconventional gas is changing the dynamic within the global gas trade network," Elizabeth Spomer, senior vice-president, ...

DOE approves Dominion Cove Point LNG exports to non-FTA countries

09/23/2013 The US Department of Energy approved Dominion Cove Point LP's application to export LNG from its terminal in Calvert County, Md., to countries that...

Demand and prices fall

12/29/2008 Even as a winter storm dumped snow and ice on the US Midwest and East Coast during Christmas week, markets remained unconvinced OPEC can cut produc...

MARKET WATCH: Energy demand, prices both plummet

12/23/2008 The front-month February contract for benchmark US crudes fell 6% to less than $40/bbl Dec. 22 amid market fears OPEC cannot cut production fast en...

Marathon to develop Droshky, Ozona deepwater finds

11/03/2008 Marathon Oil Corp. has approved $1.3 billion to develop its Droshky discovery and $300 million for Ozona, both in the deepwater Gulf of Mexico.

MARKET WATCH: Expiring crude contract shoots up $16/bbl

09/23/2008 The expiring October contract for benchmark US oil shot up more than $16 Sept. 22 in the largest 1-day price jump ever seen on NYMEX, hitting a 2-m...

MARKET WATCH: Energy prices fall as fear of Ike ends

09/16/2008 Energy prices fell Sept. 15 on preliminary evidence that Hurricane Ike inflicted less damage than some expected on oil and gas operations in the gu...

MARKET WATCH: Crude up slightly before Ike hit

09/15/2008 The average price of the Organization of Petroleum Exporting Countries' basket of 13 benchmark crudes was up 4¢ to $95.33/bbl the day before H...

MARKET WATCH: Crude prices decline as workers return to gulf

09/04/2008 Crude prices closed at a new 5-month low Sept. 3 in the New York market as oil and gas production and processing began coming back on stream after ...
White Papers

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...

Accurate Thermo-Fluid Simulation in Real Time Environments

The crux of any task undertaken in System Level Thermo-Fluid Analysis is striking a balance between ti...
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