Ocnus.Net
News Before It's News
About us | Ocnus? |

Front Page 
 
 Africa
 
 Analyses
 
 Business
 
 Dark Side
 
 Defence & Arms
 
 Dysfunctions
 
 Editorial
 
 International
 
 Labour
 
 Light Side
 
 Research
Search

Business Last Updated: Apr 20, 2017 - 10:59:34 AM


Cheniere ships four Sabine Pass LNG cargoes, Henry Hub down
By LNG World 16/4/17
Apr 18, 2017 - 8:28:04 AM

Email this article
 Printer friendly page

Natural gas spot prices in the U.S. fell in most locations in the week ending April 12 with the Henry Hub price dropping 22¢ from last Wednesday.

The Henry Hub spot price dropped from $3.21/MMBtu last Wednesday to $2.99/MMBtu two days ago, according to the weekly report by the Energy Information Administration released on Thursday.

EIA’s recently released energy outlook forecasts that Henry Hub spot prices will average $3.04/MMBtu for the second quarter of 2017, and $3.10/MMBtu for the full-year.

At the Chicago Citygate, prices decreased 28¢ from $3.24/MMBtu last Wednesday to $2.96/MMBtu two days ago while prices at PG&E Citygate in Northern California fell 7¢ to $3.32/MMBtu.

 

Four Sabine Pass cargoes

Natural gas pipeline flows to Cheniere’s Sabine Pass liquefaction terminal in Louisiana averaged 2.3 Bcf/d for the report week, 9% higher than the previous week.

Four vessels with a total LNG-carrying capacity of 14.3 billion cubic feet (Bcf) departed Sabine Pass departed Sabine Pass in the week under review, EIA said in the report.

Cheniere recently received authorization from the Federal Energy Regulatory Commission (FERC) to commence liquefaction and export activities from Train 3.

The Houston-based company also filed a request with FERC to begin commissioning of Train 4.

Once the fourth train at Sabine Pass becomes operational, the total baseload nameplate capacity of the facility will reach 2.6 Bcf/d, with a maximum operating capacity of 2.9 Bcf/d, according to EIA.

The fifth train at the Sabine Pass facility, currently under construction, is expected to begin service in mid-2019.

Cheniere is developing up to six trains at Sabine Pass with each train expected to have a nominal production capacity of approximately 4.5 million tons per annum.


Source:Ocnus.net 2017

Top of Page

Business
Latest Headlines
The Geo-Politics of Natural Gas to Europe
Two weeks before ban, EU still imports 15% of crude oil from Russia
The ballooning costs of the Ukraine war
Swedish funds have billions of euros of investor money frozen in Russia
Natural gas imports from Canada continue providing winter reliability to U.S. markets
What do crazy $500,000-per-day rates say about shipping demand?
South Africa’s Ivor Ichikowitz: A ‘philanthropic’ arms dealer?
Prime Time for Tankers as Sanctions Hit Russian Oil
Low ocean shipping rates here to stay as overcapacity looms
Russia’s Defense Industry Growing Increasingly Turbulent