As per the MOU, Gas Natural Fenosa and Sabine have agreed to proceed with negotiations of definitive agreements for Gas Natural Fenosa to contract bi-directional capacity, subject to certain conditions precedent, including but not limited to the receipt by each party of requisite internal approvals, Sabine’s receipt of regulatory approvals and making a final investment decision to construct the liquefaction facilities.
Cheniere Partners owns 100% of the Sabine Pass LNG terminal located in western Cameron Parish, Louisiana, on the Sabine Pass Channel. The terminal has sendout capacity of 4.0bcf/d and storage capacity of 16.9bcfe.
As currently contemplated, the Sabine Pass liquefaction project would be designed and permitted for up to four modular LNG trains, each with a peak processing capacity of up to approximately 0.7bcf/d of natural gas and an average liquefaction processing capacity of approximately 3.5mtpa.
The initial project phase is anticipated to include two modular trains and the capacity to process on average approximately 1.2bcf/d of pipeline quality natural gas.
The company anticipates LNG export to commence as early as 2015.
