USA: One LNG Cargo Re-Exported in March

The U.S. re-exported only one LNG cargo in March, according to U.S. DOE.

The cargo was shipped from the Freeport LNG terminal on March 18 onboard the LNG Capricorn, a 126,300 cbm tanker.

There are currently three U.S. LNG terminals that have been granted Federal approval to re-export LNG: Freeport in Texas, Sabine Pass and Cameron in Louisiana.

Re-exportation of LNG lets marketers and suppliers store gas, while waiting for price signals before delivering their LNG to the higher-paying markets in Asia, Europe, and South America.

[mappress]

LNG World News Staff, May 9, 2012; Image: Freeport