Cheniere Energy's US LNG export plant to shut in Sept
Loading of the first commissioning cargo at the Sabine Pass LNG Terminal - February 2016. Photo courtesy of Cheniere Energy.
(Reuters) Cheniere Energy's Sabine Pass LNG export plant on the US Gulf Coast will shut down for planned maintenance in September, sources with knowledge of the matter said.
The exact timing of the shutdown has not been set yet, one of the sources said.
The plant, which started in February and has exported 17 cargoes to date, can produce around 4.5 M tons of LNG per year from its one existing production line, known as train 1.
Spot LNG prices have risen 40% since March to around $5.75 per MMBtu, driven by production outages in Australia and rising oil prices.
The second LNG train at Cheniere's Louisiana plant will likely enter service by the end of August, according to market intelligence firm Genscape.
Reporting by Oleg Vukmanovic; editing by Susan Thomas
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