Substantial completion of Sabine Pass Train 5
Published by Callum O'Reilly,
Cheniere Energy Partners L.P. has announced that Substantial Completion of Train 5 of the Sabine Pass liquefaction project in Cameron Parish, Louisiana was achieved on 7 March 2019.
Commissioning has been completed and Cheniere Partners’ EPC partner Bechtel Oil, Gas and Chemicals Inc. has turned over care, custody, and control of Train 5 to Cheniere Partners.
Under sale and purchase agreements (SPAs) with Centrica plc and Total Gas & Power North America Inc., the date of first commercial delivery is expected to occur in September 2019, upon which the term of each of these SPAs commences.
Cheniere Partners and Bechtel have now declared Substantial Completion on five liquefaction trains at the SPL Project ahead of each train’s guaranteed completion date and within project budgets. With the achievement of Substantial Completion, financial results of LNG sales from Train 5 going forward will be reflected in the statement of operations of Cheniere Partners and its applicable affiliates.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/13032019/substantial-completion-of-sabine-pass-train-5/
You might also like
Wood Mackenzie discusses the implications of recent OPEC+ meeting
The decision by OPEC+ to extend current production cuts, and an additional voluntary 1 million bpd reduction from Saudi Arabia in July 2023, should provide support for prices during the rest of 2023, according to Wood Mackenzie.