A cargo of liquefied natural gas (LNG) from the US has arrived at Spain’s Murgados LNG import terminal, making it only the second cargo to reach the European market since US LNG exports began at the end of February 2016, wrote S&P Global Platts.
According to LNG Industry, the cargo was initially shipped from Cheniere Energy’s Sabine Pass terminal in Louisiana, US in early July 2016. The vessel that carries the cargo, Sestao Knusten, is controlled by Royal Dutch Shell. It has a carrying capacity of 138,000cm. The vessel had entered the terminal after spending seven days circling off the coast of northern Spain.
The first US LNG cargo was shipped by the Creole Spirit and offloaded at Portugal’s Sines terminal at the end of April. As the Iberian peninsula is considered an ‘island market’ with poor interconnection to the rest of Europe, the delivery of US LNG is thus less of a sign that US LNG will take hold in the wider oversupplied European market.
A total of 15 US LNG cargoes have been delivered from Sabine Pass since the first in February 2016, with the majority of them sent to the South American countries of Brazil, Argentina, and Chile and to the Middle East; the UAE and Kuwait.