US highlights Cheniere LNG export plan, Chile an offtaker

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Tuesday, July 8, 2014

Among several companies planning to add liquefaction capacity to export LNG from the US, Cheniere is expected to be the first, according to the US Energy Information Administration's latest short-term energy outlook.

The company's Sabine Pass liquefaction facility is slated to come online in late 2015, coinciding with the start of a contract to supply Chile's state oil company Enap.

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The NOC has inked a long-term deal with BG, securing LNG shipments through Cheniere to Chile's Mejillones and Quintero regasification terminals.

Chile will begin importing shale gas from the US by end-2015, local press quoted energy minister Máximo Pacheco as saying.

In a June 25 speech, Chilean President Michelle Bachelet confirmed that Enap is planning to expand Quintero's capacity to 15Mm3/d from 10Mm3/d, and that an additional expansion to 20Mm3/d will be announced in 3Q15.

The Enap announcement followed a visit by Pacheco to the US last week, in which he met with government officials and oil and gas industry figures to discuss investment opportunities in the Chilean energy sector.

The two countries signed an energy cooperation agreement, which included a commitment to non-conventional gas and LNG development, and to help Chile meet goals outlined in Bachelet's 2014-18 energy agenda.

BNamericas will host its second LatAm Oil & Gas Summit in Houston, Texas, on September 10-11. Click here to download the agenda.