Is Europe’s gas market ready for US imports?

LNG tanker in port
LNG tanker in port
Nicholas Newman Flame Conference Blog February 2016

The first shipment of American Liquid Natural Gas, from Cheniere’s Sabine Pass LNG plant on the coast of Louisiana, is expected to leave by early March, when loading of the Energy Atlantic, a 290 metre LNG tanker, is complete. European customers, who have signed LNG sale and purchase agreements with Cheniere Energy, include Centrica, a UK utility, energy company BG Group with a 20-year contract to buy most of Sabine Pass’s first train output, Spain’s Iberdrola SA and Gas Natural Fenosa and France’s Total. Cheniere’s Sabine Pass and Corpus Christi LNG export terminals have signed contracts  to ship the equivalent of around 700 million cubic feet of gas a day to Europe according to the U.S. Energy Information Administration.

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