Space Travel News  
OIL AND GAS
Cheniere Energy looking better after LNG shipments
by Daniel J. Graeber
Houston (UPI) May 6, 2016


disclaimer: image is for illustration purposes only

After commissioning its first shipment of liquefied natural gas from a U.S. port, Cheniere Energy Partners said losses during the first quarter have dwindled.

A vessel left its port at Sabine Pass, La., in February with the first cargo of LNG ever sourced from U.S. shale areas to the foreign market. Cheniere, which operates the Sabine Pass liquefaction plant, said the loading marked a new era for the U.S. LNG sector.

Cheniere already has sales agreements with French energy company EDF for up to 26 cargoes of LNG from the Sabine Pass export terminal through 2019.

"A total of four LNG commissioning cargoes were loaded and exported during the three months ended March 31, 2016, and a total of seven LNG commissioning cargoes have been loaded and exported to date," the company said in a statement.

The company nevertheless reported a net loss of $74.9 million for the first quarter, though that was better than the $178.7 million loss reported for the same period in 2015. While offering few specifics on the loss, the company said in its annual report for 2015 that the industry is "weathering a protracted decline in prices" for oil and natural gas, though markets have recovered somewhat since April.

"Low LNG and natural gas prices are stimulating incremental price-sensitive natural gas demand and opening up new LNG markets eager to take advantage of the affordable, cleaner burning fuel," the report read.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
OIL AND GAS
U.S. seen as strategic energy partner for Europe
Washington (UPI) May 5, 2016
The United States has an important role to play in adding diversity to a European energy sector that depends heavily on Russia, a joint regional committee said. European Energy Commissioner Miguel Arias Canete and Vice President Maros Sefcovic led a delegation to Washington D.C. to meet with U.S. Energy Secretary Ernest Moniz and Secretary of State John Kerry to review bilateral energy ... read more


OIL AND GAS
SpaceX to launch Japanese satellite early Friday

New small launch vehicles

Vector Space Systems aims to redefine space commerce

Spaceport Camden Partners with NASA Innovation Competition

OIL AND GAS
Boiling water may be cause of Martian streaks: study

Airbus DS to build STEM centre at its UK Exomars facility

Opportunity robotic arm camera passes diagnostic test

Phase two of ExoMars mission delayed to 2020

OIL AND GAS
First rocket made ready for launch at Vostochny spaceport

Supernova iron found on the moon

Russia to shift all Lunar launches to Vostochny Cosmodrome

Lunar lava tubes could help pave way for human colony

OIL AND GAS
Hubble discovers moon orbiting the dwarf planet Makemake

Pluto's 'Halo' Craters

Pluto's haze varies in brightness

Icy 'Spider' on Pluto

OIL AND GAS
Light Echoes Give Clues to Protoplanetary Disk

On the Road to Finding Other Earths

Kepler spacecraft recovered and returned to the K2 Mission

Lone planetary-mass object found in family of stars

OIL AND GAS
Why Washington cannot ban Russia's RD-180 rocket engines

Date set for second SLS Booster qualification ground test

US to reduce dependence on Russian rocket engines soon: Bolden

Johns Hopkins researchers aim for safer, more efficient rocket engines

OIL AND GAS
China can meet Chile's satellite needs: ambassador

China launches Kunpeng-1B sounding rocket

South China city gears up for satellite tourism

China's long march into space

OIL AND GAS
Comet from Oort Cloud brings clues about solar system's origins

Elektra: A New Triple Asteroid

New Ceres Images Show Bright Craters

Little Lander That Could: The Legacy of Philae









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.