UK Utility Begins Purchases of Sabine Pass LNG

United Kingdom utility Centrica plc announced it has loaded its first LNG cargo from the fifth LNG train at the Sabine Pass liquefaction plant in Cameron Parish, La., under the agreement signed in 2013 with Cheniere Energy Partners, L.P. The gas was loaded onto the GasLog Ltd chartered Skagen vessel over the weekend and will be transiting the Atlantic to land in Europe in early October. Under the terms of the agreement, Centrica purchases LNG for an initial 20-year period, with the option for a 10-year extension. The agreement is on a ‘Free on Board’ (FOB) basis, giving it destination rights for the cargoes. This amounts to approximately 1.75 million metric tonnes per annum (mmtpa), equivalent to the annual gas demand of over 2 million UK homes.


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