Cheniere Energy’s 4Q16 LNG export volumes
According to the EIA (U.S. Energy Information Administration), “U.S. exports of liquefied natural gas (LNG) from Sabine Pass LNG terminal reached a record level in December, with 12 exported cargoes totaling an estimated 42.8 billion cubic feet (Bcf) of natural gas. This exceeds the record set in the previous month, when 10 cargoes (33.6 Bcf) were exported out of Sabine Pass.”
Sabine Pass is the wholly owned subsidiary of Cheniere Energy Partners (CQP). Cheniere Energy indirectly owns the GP (general partner) of Cheniere Energy Partners, an MLP. In the next part, we’ll look into the factors that drove strong Asian LNG demand.