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Reuters: Taiwan to get first LNG shipment from U.S. Sabine Pass

Jun. 13, 2017 11:28 AM ETCheniere Energy, Inc. (LNG) StockLNGBy: Carl Surran, SA News Editor141 Comments
  • With the imminent arrival of a tanker in Taiwan, the U.S. will increase the number of countries that have received liquefied natural gas from Cheniere Energy's (LNG -1.6%) Sabine Pass terminal in Louisiana to at least 23 of the 35 that can accept the vessels, according to Reuters shipping data.
  • In May, eight vessels picked up cargoes from Sabine Pass with a total capacity of ~59.5B cf, going to several countries including Brazil, United Arab Emirates, Mexico, China, South Korea, Argentina and the first exports to the Netherlands and Poland.
  • Based on an average price of $3.12/MMBtu at the Henry Hub benchmark in Louisiana in May, the value of gas shipped from Sabine last month totaled ~$192M.

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