Cheniere Energy Partners, L.P. (“Cheniere Partners”), under its subsidiary Sabine Pass Liquefaction, LLC, is developing a project to add liquefaction services at the Sabine Pass LNG terminal in Cameron Parish, Louisiana. The Liquefaction Project will transform the Sabine Pass terminal into the world’s first bi-directional facility capable of exporting natural gas in addition to regasifying imported LNG.
The Liquefaction Project has been designed for up to four modular LNG trains, each with an average liquefaction capacity of approximately 4.5 million tons per annum (“mtpa”).
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The Liquefaction Project will use existing infrastructure, including five LNG storage tanks and two berths at the Sabine Pass terminal, as well as the 94-mile Creole Trail Pipeline. The Sabine Pass site is strategically situated to provide export services given its large acreage position, proximity to unconventional gas plays in Louisiana and Texas, and its interconnections with multiple interstate and intrastate pipeline systems.
Sabine Liquefaction is working with Bechtel Oil, Gas and Chemicals, Inc. to design and construct the liquefaction facilities using the ConocoPhillips Optimized Cascade® liquefaction technology. This process has been successfully deployed at several LNG export terminals around the world, and offers a high degree of reliability and control. In November 2011, Sabine Liquefaction entered into a lump sum turnkey contract with Bechtel for the engineering, procurement and construction of the first two trains of the project.
Cheniere Partners has entered into definitive 20-year agreements with four customers for liquefaction services at Sabine Pass. These contracts will provide stable revenue for 89% of anticipated LNG production from Trains 1-4 of the Sabine Pass Liquefaction Project.
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