Cheniere Energy Partners LP’s (NYSE MKT: CQP) first commissioning cargo with liquefied natural gas (LNG) produced from the first liquefaction train (Train 1) of its Sabine Pass liquefaction project in Cameron Parish, Louisiana, will depart imminently. The LNG is loading on the LNG carrier Asia Vision, chartered by Cheniere Marketing LLC, and will be heading to Brazil.
"This historic event opens a new chapter for the country in energy trade and is a significant milestone for Cheniere as we prepare Train 1 for commercial operations," said Neal Shear, chairman of the board and interim CEO of Cheniere Partners.
Through the company’s wholly owned subsidiary, Sabine Pass LNG LP, Cheniere Partners owns 100% of the Sabine Pass LNG terminal located on the Sabine-Neches Waterway less than four miles from the Gulf Coast. The Sabine Pass LNG terminal includes existing infrastructure of five LNG storage tanks with capacity of 16.9 billion cubic feet equivalent (bcfe), two docks that can accommodate vessels with nominal capacity of up to 266,000 cubic meters and vaporizers with regasification capacity of 4.0 bcf/d. Through its wholly owned subsidiary Cheniere Creole Trail Pipeline LP, Cheniere Partners also owns a 94-mile pipeline that interconnects the Sabine Pass LNG terminal with a number of large interstate pipelines.
Cheniere Partners, through its subsidiary, Sabine Pass Liquefaction LLC (SPL), is developing and constructing natural gas liquefaction facilities at the Sabine Pass LNG terminal adjacent to the existing regasification facilities. Cheniere Partners, through SPL, plans to construct over time up to six liquefaction trains, which are in various stages of construction and development. Each liquefaction train is expected to have a nominal production capacity of 4.5 million tonnes per annum (MMtpa) of LNG. SPL has entered into six third-party LNG sale and purchase agreements (SPAs) that in the aggregate equate to 19.75 MMtpa of LNG and commence with the date of first commercial delivery of Trains 1 through 5 as specified in the respective SPAs.