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US-Mexico LNG deliveries rise

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Reuters are reporting that the first tankers from the US started delivering LNG to Mexico's Gulf Coast.

A unit of Mexico's state-owned petroleum company, Petroleos Mexicanos (Pemex), started importing LNG from Cheniere Energy Inc's Sabine Pass export terminal in Louisiana to Mexico's Altamira import terminal on the Gulf of Mexico in April 2017.

So far, the Creole Spirit LNG tanker, with a capacity to hold about 3.6 billion ft3 of gas, and the Magellan Spirit, with a capacity of around 3.3 billion ft3, delivered cargoes from Sabine to Altamira on 4 April and 14 April, respectively.

The Methane Nile Eagle, meanwhile, is sitting off the coast of Altamira with approximately 2.9 billion ft3 of gas from Sabine.

Both the Creole Spirit and Magellan Spirit were heading for the Panama Canal before turning north toward Altamira.

The LNG sellers would likely be the companies that chartered the ships, including units of Cheniere (Creole Spirit) and Royal Dutch Shell Plc (Methane Nile Eagle).

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