American liquefied natural gas will soon hit the global market.
The first cargo of LNG exported from the continental United States will leave Cheniere Energy’s Sabine Pass terminal Wednesday, according to a company executive.
The tanker Asia Vision LNG will ship the fuel to Brazil, where it will be received by Petroleo Brasileiro SA, according to a Bloomberg report.
While speaking Wednesday at the IHS Energy CERAWeek conference in Houston, Cheniere President of Marketing Meg Gentle told the audience about the expected shipment.
“They’re still loading it at Sabine Pass and it’s expected to depart the facility later today as it makes its way to Brazil,” Gentle said.
With liquefaction capabilities increasing in countries such as the United States and Australia, LNG will be increasingly sold in short-term markets, Gentle said.
Gentle added that by 2020, she expects the industry to sell 50 percent of its volumes on a short-term basis. As a result, more gas hubs will likely be created.
The Sabine Pass plant can accommodate six liquefaction trains, each capable of producing approximately 4.5 million tons per year of liquefied natural gas. The facility’s first train processed the LNG loaded onto the tanker.