Cheniere Energy Inc (LNG)

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First U.S. LNG shipment to cross expanded Panama Canal next week
Jul. 21, 2016 5:58 PM • SA Editor Carl Surran

*The U.S. will ship its first liquefied natural gas cargo through the expanded Panama Canal next week, as a Royal Dutch Shell (RDS.A, RDS.B) tanker has left Cheniere Energy's (NYSEMKT:LNG) Sabine Pass LNG export plant in Louisiana and will arrive at the Canal on July 25, Reuters reports.

*The size of most LNG tankers had prevented them from squeezing through the Canal, forcing them to sail around South America instead; the Panama Canal route shaves distances between Gulf of Mexico export plants and Asia to 9K miles from 16K.

*So far only Sabine Pass is exporting LNG, and output will double to 9M metric tons/year as Cheniere adds a second production line later this year; Shell owns the entire output of Sabine Pass's first production line.


http://seekingalpha.com/news/3195038-first-u-s-lng-shipment-cross-expanded-panama-canal-next-week?source=email_rt_mc_title&uprof=44&utoken=f223db4b24e58f1ed29c2cfd2745f4c8