LNG

LNG cargoes from Sabine Pass going to Argentina face challenging economics on a purely point-to-point basis, data released by the US government and Argentine state energy firm Enarsa show. A free-on-board (FOB) price of $4.51/mmBtu was paid for each of the six cargoes sold by Cheniere from its Sabine Pass liquefaction plant, according to figures by the US Department of Energy (DOE) – not quite enough to cover costs. As South America loses some attractiveness for US LNG, delivery of a fist cargo to China has just opened up a potentially vast export market.

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