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  • Cheniere Partners Announces Substantial Completion of Train 2 at the Sabine Pass Liquefaction Project
    édité le 19/09/2016 - Plus de news de "Cheniere Energy" - Voir la fiche entreprise de "Cheniere Energy"


Cheniere Partners Announces Substantial Completion of Train 2 at the Sabine Pass Liquefaction Project
Cheniere Energy Partners, L.P. ("Cheniere Partners") announced that Substantial Completion of Train 2 of the Sabine Pass liquefaction project in Cameron Parish, Louisiana (the "SPL Project") was achieved on September 15, 2016. Commissioning has been completed and Cheniere Partners' EPC partner Bechtel Oil, Gas and Chemicals, Inc. ("Bechtel") is turning over care, custody, and control of Train 2 to Cheniere Partners. This turnover will be done in coordination with a previously announced planned outage to improve performance of the flare systems at the SPL Project, as well as to perform scheduled maintenance to Train 1 and other facilities.

Under a sale and purchase agreement ("SPA") with Gas Natural Fenosa LNG GOM Ltd. ("GNF"), the date of first commercial delivery ("DFCD") for Train 2 of the SPL Project is expected to occur in August 2017 upon which the SPA's 20-year term commences. Prior to DFCD, GNF has certain rights to early cargoes produced from Train 2 as described in the SPA.

With the achievement of Substantial Completion, financial results of LNG sales from Train 2 going forward will be reflected in the statement of operations of Cheniere Partners and its affiliates.

About Cheniere Partners

Cheniere Partners (NYSE MKT: CQP), through its subsidiary, Sabine Pass Liquefaction, LLC ("SPL"), is developing and constructing natural gas liquefaction facilities at the Sabine Pass LNG terminal adjacent to the existing regasification facilities. Cheniere Partners, through SPL, plans to construct over time up to six liquefaction trains, which are in various stages of development and construction. Trains 1 and 2 have achieved Substantial Completion, Train 3 is undergoing commissioning, Trains 4 and 5 are under construction, and Train 6 is fully permitted. Each liquefaction train is expected to have a nominal production capacity of approximately 4.5 million tonnes per annum ("mtpa") of LNG. SPL has entered into six third-party LNG sale and purchase agreements ("SPAs") that in the aggregate equate to approximately 19.75 mtpa of LNG and commence with DFCD of Trains 1 through 5 as specified in the respective SPAs. For additional information, please refer to the Cheniere Partners website at www.cheniere.com and Form 10-Q for the period ending June 30, 2016, filed with the Securities and Exchange Commission.

About Bechtel

Bechtel is one of the most respected global engineering, construction, and project management companies. Together with our customers, we deliver landmark projects that foster long-term progress and economic growth. Since 1898, we’ve completed more than 25,000 extraordinary projects across 160 countries on all seven continents. We operate through four global businesses: Infrastructure; Nuclear, Security & Environmental; Oil, Gas & Chemicals; and Mining & Metals. Our company and our culture are built on more than a century of leadership and a relentless adherence to our values, the core of which are safety, quality, ethics, and integrity. These values are what we believe, what we expect, what we deliver, and what we live.


Origine : Communiqué Cheniere Energy

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