Industry Report: Total Concerned With Possibility that Sabine Pass LNG Export Permit Could Be Rescinded
Posted on Dec 21, 2011 in Federal Regulation, LNG Exports, Markets and Competition | Comments Off on Industry Report: Total Concerned With Possibility that Sabine Pass LNG Export Permit Could Be Rescinded
A report in “Poten & Partners – LNG in World Markets” suggests that Total remains interested in an LNG export deal with Cheniere Energy at the Sabine Pass terminal, but that the French company is concerned about contractual provisions that would require Total to pay a fixed charge for two years following declaration of force majeure. According Platts LNG Daily [subscription required], force majeure provisions would apply if both of Cheniere’s LNG export authorizations are revoked.