Cheniere Energy's Sabine Pass LNG Train 6 Could be First of Many to Reach Approval in 2019, an Industrial Info Market Brief

With another long-term deal in place, Cheniere Energy appears to be on track to approving Train 6 at Sabine Pass in 2019. Cheniere's latest deal is with Petronas LNG Ltd. (PLL) for 1.1 million tonnes per annum (MTPA) over 20 years on a free-on-board-basis. Train 6 likely will be the first of several expected positive financial investment decisions to occur in the next year and a half.

A shortage of liquefied natural gas (LNG) supplies is approaching by 2023, and buyers are expected to finally start signing long-term contracts. There are five projects in the U.S. and Canada with full permitting secured and can focus on marketing output.