NEW YORK, April 11 Three new U.S. liquefied
natural gas terminals, two on the Gulf Coast and one in the
Northeast, should receive their first deliveries in the next
week, according to a Houston-based consulting firm.
Waterborne Energy, which monitors the global flow of
liquefied gases, said the Sabine Pass terminal in Louisiana,
near the Texas border, expected its inaugural delivery of
super-cooled gas on April 12 on the vessel Celestine River,
loaded in Trinidad.
Cheniere Energy (LNG.A), parent of Sabine LNG, will own all
of the terminal's 2.6 billion cubic feet per day of capacity
until 2009, when Chevron (CVX.N) and Total SA (TOTF.PA) take 1
The Freeport LNG terminal near Freeport, Texas, expects its
first cargo aboard the tanker Excelsior from Nigeria on April
Denver oilman Michael Smith, who owns 45 percent of the
Freeport LNG terminal, is managing partner, with Cheniere one
of three minority stakeholders.
Conoco Phillips (COP.N) has bought two-thirds of Freeport
LNG's total capacity of 1.5 bcf, with the remaining third
committed to Dow chemical (DOW.N).
The launch of the two new terminals on the U.S. Gulf Coast
will be the first onshore LNG ports opened in 25 years.
The long-awaited startup of Excelerate Energy's Northeast
Gateway offshore terminal off the coast of Boston,
Massachusetts, also is expected around April 16 aboard the
tanker Excellence, loaded in Trinidad.
The offshore buoy system at Northeast Gateway, completed
late last year, is capable of delivering up to 500 million
cubic feet of natural gas daily to the New England market, or
nearly 20 percent of regional demand.
LNG is natural gas cooled to liquid form for loading on
special tankers and delivery to receiving terminals where it is
regasified and pumped into onshore pipelines.
The United States currently has five operational LNG
terminals, including another offshore terminal off Louisiana
opened in 2005, with a total capacity of about 6 bcf per day,
but total receipts so far this year have been running at less
than 1 bcf daily.
New U.S. LNG terminals expected to come on line this year
and next year could more than double current regasification
capacity to about 13 bcf per day.
(Reporting by Joe Silha; Editing by David Gregorio)