US LNG heads back out to sea

LNG: Two cargoes re-exported from US.

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By News Wires

 19 October 2010 20:51 GMT

Cheniere Energy's Sabine Pass liquefied natural gas terminal in Louisiana sent a cargo of LNG to Asia today, the first of two US re-export deals this week as shippers try to make the most of higher gas prices overseas.



The Exquisite liquefied natural gas tanker, part of Excelerate Energy's shipping fleet, left Sabine Pass terminal today bound for the China Sea, according to AISLive ship tracker on Reuters.

The tanker was expected to arrive in the China Sea on 27 December, the data showed, with potential importers in China, Taiwan, Korea or Japan, according to a Reuters report.

This is the latest in a string of re-export deals from the US where gas prices continue to fall under the weight of ample domestic supply, weak demand and swelling inventories.

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