NEW YORK, Dec 21 (Reuters) - The little-used Sabine Pass liquefied natural gas terminal in Louisiana is expected to receive two Qatari cargoes in the next couple of weeks as U.S. gas prices rise and other markets struggle to take more gas.
Sabine Pass, owned by Cheniere Energy (LNG.A), has received about 10 cargoes this year, much less than Cheniere expected, with low Gulf gas prices and demand elsewhere keeping shippers from sending much gas there.
But as storage in Europe brims ahead of winter and U.S. gas prices rise above British prices due to cold weather, the United States has seen an uptick in imports in the last couple of weeks, which is expected to carry on into the New Year.
Qatargas’s Al Ghashamiya LNG tanker arrived at the terminal on Sunday from Qatar, which will be followed by the Umm Slal tanker expected from Qatar on Dec 31.
Together the two deliveries amount to about 457,000 cubic meters of LNG.
Sabine Pass has the capacity to send out 2.6 bcf per day, with storage capacity of 16.9 bcf. Total (TOTF.PA), Chevron (CVX.N) and Iberdrola (IBE.MC) also have capacity rights at the terminal. (Reporting by Edward McAllister; Editing by John Picinich)