Sunday, June 11, 2023
HomeGasCheniere’s LNG Facility Adds Third Dock to Boost Export Capabilities

Subscribe

To our FREE newsletter
Get all the latest maritime news delivered straight to your inbox.

Cheniere’s LNG Facility Adds Third Dock to Boost Export Capabilities

Cheniere Energy Inc., the largest US exporter of liquefied natural gas, is preparing to add shipping capacity at its Louisiana terminal that will help it eke out more supplies to gas-starved European customers.

The company’s Sabine Pass facility is poised to become the first US LNG terminal with three operational loading docks. Houston-based Cheniere already made a small piece of history earlier this month when three LNG tankers — Aristarchos, Castillo de Merida and Maria Energy — were docked side-by-side.

Although Sabine Pass’s new berth is still in the commissioning phase and needs approval from federal regulators before it can go into commercial service, its equipment can be tested and load LNG cargoes that are then sold on the global spot market.

Any marginal addition export capability is welcome news for Europe as it struggles to replace Russian supplies following the invasion of Ukraine. US export capacity won’t expand significantly until new, multibilion-dollar terminal are completed. The Aristarchos, which was the first tanker to dock at Sabine Pass’s third berth, arrived in Montoir, France, on Sept. 23, and is already heading back across the Atlantic Ocean toward the US, shipping records compiled by Bloomberg show.

While three tankers can now be docked side-by-side at Sabine Pass, they won’t be loading simultaneously because of safety and other operational considerations. Still, the third berth improves flexibility and efficiency for customers, said Florian Pintgen, vice president of commercial operations at Cheniere. Triple dockings typically allow one ship to finish loading and get ready to leave while the second is in the middle of loading and the third has just arrived, he said.

Source: Bloomberg

Related Posts

Video

Finance & Economy
Shipping News
Ports

Trafigura publishes 2023 interim results showing a strong performance

Trafigura, a market leader in the global commodities industry, released its 2023 Interim Report today for the six-month period ended 31 March 2023. The results...

Globus Q1 results hit by weak dry bulk market

Globus Maritime Limited, a dry bulk shipping company, reported its unaudited consolidated operating and financial results for the quarter ended March 31, 2023. Revenue $8.6 million...

BW LPG appoints new CFO

BW LPG announced that it has appointed Ms Samantha Xu as Chief Financial Officer (CFO), effective 1 September 2023. Ms Xu has over 20 years...

Frontline Posts Highest First Quarter Results Since 2008

Frontline plc reported unaudited results for the three months ended March 31, 2023: Highlights Highest first quarter profit since 2008 of $199.6 million, or $0.90 per...

Diana Shipping posts slightly lower Q1 profit; takes out $123m in loans

Diana Shipping reported net income of $22.7 million and net income attributed to common stockholders of $21.3 million for the first quarter of 2023....

Celestyal Participates In Promotion Of The Tourist Destination Of Central Macedonia

Celestyal, the award-winning, number one choice for travellers to the Greek Islands and the...

Capesize, panamax gains drive Baltic index higher

The Baltic Exchange’s main sea freight index rose for a fourth straight session on...

Baltic rises to over 3-month peak on firm demand for larger vessels

The Baltic Exchange’s main sea freight index rose on Wednesday to scale its highest...

Baltic index logs best day in nearly 3 months

The Baltic Exchange’s main sea freight index posted its biggest single-day gain since mid-March...

Taiwan Shipping Firms Set to Hand Out Bumper Bonuses Again

Taiwanese shipping companies are handing out bumper mid-year bonuses despite a slump in global...

Iraklio port tender set for another delay

The opening of the binding financial offers for 67% of Iraklio Port Authority had been scheduled for Thursday, but this is no longer expected...

APM Terminals extends concession of Kalundborg container terminal

APM Terminals has reached an agreement with the Port of Kalundborg to extend the concession of Kalundborg container terminal by 10 years to 2033. In...

US West Coast port workers shut terminals in showdown over pay

The employers of more than 22,000 dock workers at U.S. West Coast seaports on Friday said the union representing those laborers “is staging concerted...

DP World Completes Terminal Expansion Project Vancouver Port

DP World has completed the AED954 million ($259.78 million) Centerm expansion project, increasing container throughput at the Port of Vancouver by 60 percent. The terminal...

DP World completes AED 954 million Vancouver port expansion

DP World and the Vancouver Fraser Port Authority have celebrated two historic events – the completion of the Centerm Expansion Project at DP World...