The Sabine Pass liquefied natural gas (LNG) terminal, designed with a peak send-out capacity of 4.3 billion cubic feet per day (Bcf/d), is scheduled to come on line in the second quarter of 2008 with an initial send-out capacity of 2.6Bcf/d.
Capacity at the terminal has been contracted under 20-year agreements, with 2Bcf/d accounted for by Cheniere Marketing and 1Bcf/d each by major integrated energy firms, Total and Chevron.
The Sabine Pass LNG receiving terminal is owned by Cheniere Energy Partners, in which Cheniere Energy has a 90.6% interest through its ownership of common units, general partner units and subordinated units.
Charif Souki, chairman and CEO of Cheniere Energy, said: After three years of construction, the Sabine Pass LNG receiving terminal is about to be placed into service. Sabine Pass will be the largest LNG receiving terminal in North America by regasification capacity and will have 16.8Bcf of LNG storage capacity with two berths capable of handling the largest LNG vessels.
