Cheniere, ENN Energy Trading Sign MOU for Capacity at Sabine Pass LNG Facility
Posted on Nov 11, 2010 in Liquefaction, Markets and Competition, Regas Terminals & Capacity | Comments Off on Cheniere, ENN Energy Trading Sign MOU for Capacity at Sabine Pass LNG Facility
Chinese company ENN Energy Trading Co., Ltd. and Sabine Pass Liquefaction, LLC, a subsidiary of Cheniere Energy Partners, L.P., have signed a Memorandum of Understanding allowing the parties to negotiate definitive agreements for ENN Energy Trading to secure bi-directional LNG processing capacity at the Sabine Pass facility. According to Cheriere’s press release, the definitive agreements will be subject to several conditions precedent, including Cheniere obtaining required regulatory approvals to install its planned LNG liquefaction equipment and ENN Energy Trading making a final investment decision to construct an LNG regasification terminal.