ETF Trading

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statistics....oil/nat gaz

I tend to thing the draw down has been because of Sabine Pass in Louisiana....rising prices have to do with sales to Africa...Chile and not winter draw down

dated July of 2016

Cheniere took over control of the first liquefaction train at the Sabine Pass facility in May from Bechtel. First commercial delivery is expected to occur in November when the 20-year LNG sales and purchase agreement with Shell commences

according to news reports the company was planning to shut down the Train 1 in September for maintenance.

The plant’s second liquefaction train is currently undergoing commissioning and is expected to reach substantial completion in September with first cargo expected to be shipped in mid-August.

U.S. LNG export player Cheniere will shut down its Sabine Pass liquefied natural gas export facility in Lousiana during September for scheduled maintenance.

“Train 1 has planned maintenance scheduled for September. The exact dates are being finalized,” a Cheniere spokesperson confirmed to LNG World News on Tuesday.

if Train 1 is shut down then possability of draw downs are less likely untill train 2 goes back on line in Aug....if train 2 is on time and no delays...construction is never as scheduled on time.....do we have more build up tru Aug... ???????

as of Sept. 8 of 2016

although the US LNG avoids Europe sales, flows to higher premium markets
Europe has received just 8% of delivered volumes of US LNG since Cheniere’s Sabine Pass export terminal in Louisiana came online in February,
The majority of cargoes have instead found a home in South America,

As of 6 September, around 3.4 million cubic metres (mcm) of LNG had been delivered from Sabine Pass via 26 cargoes. A little more than 57% of total exports have been delivered to South America, with Chile the single biggest recipient having absorbed 28% of the total volume.

there have been seven cargoes delivered from the US to Quintero. GNL Chile – the buying consortium that comprises state-run refiner ENAP, gas distributor Metrogas and Spanish generator Endesa – receives cargoes through a long-term contract initially concluded with UK-based BG Group, which was acquired by Shell.

Forward prices suggest the trend of low flows to Europe may persist into the upcoming winter period as well.

I believe South America and Chili sales have driven prices up from their bottoms.....because of sales to foreign countries storage is being depleted... and NOT storage because of winter as dude has suggested.....he has not a clue as to these events

question is if Sept. maintenance on train 1 has been implimented and I believe it has.....does storage go back up untill Aug... when train 2 goes on line....will train 2 come on line as scheduled or are there delays
do we have a month of lul in storage draw down
we shall see soon...possibly shows in this weeks report

Does Nov come into play or do delays cause us to wait till Jan or Feb of 2017 for storage depletion

cc