Cheniere Energy Partners LP reported it has reached “substantial completion” of Train 4 of the Sabine Pass liquefaction project in Cameron Parish, La. Commissioning has been completed and the Houston firm’s engineering, procurement, and construction partner, Bechtel Oil, Gas & Chemicals Inc., has turned over care, custody, and control of Train 4 to Cheniere.
Under a sale and purchase agreement (SPA) with Gail (India) Ltd., the date of first commercial delivery for Train 4 of the project is expected to happen in March 2018, upon which the SPA’s 20-year term commences.
Over the last 17 months, Cheniere and Bechtel have declared substantial completion on four liquefaction trains at Sabine Pass. With the achievement of substantial completion, financial results of LNG sales from Train 4 will be reflected in the statement of operations of Cheniere and its affiliates.
Cheniere owns 100% of the Sabine Pass LNG terminal through its wholly owned subsidiary Sabine Pass LNG LP. The Sabine Pass LNG terminal includes five existing LNG storage tanks with capacity of 16.9 bcf of gas equivalent, two marine berths that can accommodate vessels with nominal capacity of as much as 266,000 cu m, and vaporizers with regasification capacity of 4 bcfd.
Through its wholly owned subsidiary Cheniere Creole Trail Pipeline LP, Cheniere also owns a 94-mile pipeline that interconnects the Sabine Pass LNG terminal with a number of large interstate pipelines.