U.S. to Send a Record Volume of Shale Gas Overseas

The U.S. is set to export a record number of cargoes of shale gas this month.

Nine liquefied natural gas tankers have departed or are scheduled to leave Cheniere Energy Inc.’s Sabine Pass terminal in November, the most since exports began in February, according to ship-tracking data compiled by Bloomberg and Genscape Inc. That may increase as more declare their destinations.

Sabine Pass has exported 40 cargoes totaling about 6.5 MMcmg since February, Zach Allen, president of Pan Eurasian Enterprises, said in a research note.

Cheniere, which became the nation’s first and only exporter of shale gas in February, was cleared by U.S. regulators last month to start loading tankers from a second plant at Sabine Pass.

Cheniere didn’t immediately return phone calls and emails seeking comment.

Source: Global Oil & Gas

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