Cheniere and Total Enter into Sabine Pass Capacity Assignment Agreement
Posted on Sep 11, 2012 in LNG Exports | Comments Off on Cheniere and Total Enter into Sabine Pass Capacity Assignment Agreement
Cheniere Energy Partners, L.P., announced today that its subsidiary, Sabine Pass Liquefaction, LLC, (Sabine Liquefaction) has entered into a partial assignment and related agreements with Total Gas & Power North America, Inc., (Total) whereby Sabine Liquefaction would progressively gain access to Total’s send-out capacity and other services provided under its terminal use agreement with Sabine Pass LNG, L.P. Under the agreement Sabine Liquefaction will gradually obtain access to Total’s capacity, with access to 38 Bcf per year effective immediately, approximately 195 Bcf per year when the third liquefaction train begins commercial operations, and substantially all of Total’s capacity if and when a potential fifth train starts operations.