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Cheniere to export LNG from Sabine Pass to Asia

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LNG Industry,


According to Reuters, Cheniere Energy Inc. is preparing to export LNG from its Sabine Pass facility to Asian customers for the first time.

A company official reportedly told Reuters that a rise in prices in the region has made such shipments profitable.

Specifically, the Cheniere official told Reuters: “Recently because of the pick-up in Asian LNG prices to above US$7 we can start to deliver to north Asia.

"At the current market level it is a good price."

Reuters claims that the cargoes will be delivered within the next one or two months, adding that China and South Korea are the most likely destinations.

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/28112016/cheniere-to-export-lng-from-sabine-pass-to-asia/

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